Administered Pricing ends in NSW from 04:05 Wednesday 15th May 2024
as expected, Administered Pricing has ended in NSW at 04:00 on Wednesday 15th May 2024
Administered Pricing
Will the rolling Cumulative Price for NSW fall back below the CPT on Tuesday evening 14th May 2024
A short (early afternoon) look at the progression of Cumulative Price in NSW, almost 7 days after the evening volatility on Tuesday 7th May 2024 started the climb to the Cumulative Price Threshold.
Thursday 9th May 2024 – Day #1 under Administered Pricing in NSW
A short record of Thursday evening 9th May 2024, with NSW under Administered Pricing.
Thar she blows! NSW hits the CPT and enters Administered Pricing (until Wed 15th May at least) … I think for only the 2nd time ever?
At 19:55 (NEM time) on Wednesday 8th May 2024, the NSW region commenced Administered Pricing for ENERGY and 10 x FCAS commodities, following a rapid spell of spot price volatility.
AEMC proposes to progressively increase MPC to $22,800/MWh by 1 July 2027 (amongst other changes)
A short note about the AEMC’s draft determination, published today.
Administered Pricing ends for FCAS in SA on Saturday 26th November 2022
Administered Pricing has ended for FCAS in SA after roughly 12 days.
Administered Pricing begins for FCAS (Lower Reg) in SA at 12:50 on Monday 14th November 2022
An AEMO market notice published just now has alerted that Adminsited Pricing has been declared for FCAS in SA after the Cumulative Price Threshold for the Lower Reg commodity was hit.
Reliability Panel publishes final report from 2022 Reliability Standard and Settings Review
Another high profile report that’s been released this week is today’s Reliability Standard and Settings Review (from the Reliability Panel)… flagging some changes to settings from 1st July 2025, and some further changes after that time.
AEMO releases report on Market Suspension during June 2022
On Thursday 18th August 2022 the AEMO has released its report into the Market Suspension during June 2022. Will make for interesting reading …
AEMC published update on Compensation Claims under APC
On 4th July the AEMC published their second ‘Notice of Receipt of Claims’ with respect to compensation under the Administered Pricing period in June 2022.
Alinta Energy submits Rule Change temporarily request to raise the Administered Price Cap (from $300/MWh to $600/MWh)
A short article about the rule change proposed by Alinta Energy to raise the APC … quite topical given Q2 2022.
Two alternate theories of why capacity was withdrawn
Second (linked) article this evening, spelling out the two theories we’re aware of with respect to why some participants might have withdrawn capacity from the NEMDE dispatch/pricing run in June 2022 – leading to the AEMO Suspending the Market.
Quick review of bids – looking back 16 days over APC and Market Suspension
With Market Suspension (just) behind us, in this weekend article we take a look over the past 16 days to see how volumes offered to the market from the two types of plant have varied … and the prices they are offered at. The question is asked … why did those DUIDs withdraw capacity from the NEMDE dispatch and pricing run?
Administered Pricing ended at 04:00 on Thursday 23rd June 2022 (and an FCAS price glitch)
A short note about the end of the Administered Pricing Period (for now?) from 04:05 on Thursday 23rd June 2022.
Climbing out of Market Suspension
A short article to follow on from an AEMO announcement at 16:30 today about a possible pathway out of Market Suspension
Stepping to suspension
With all regions of the NEM having been suspended by AEMO on Wednesday 15th June 2022, guest author Allan O’Neil takes an initial look at what’s visible in terms of operations in the NEM.
AEMC notice ‘Eligible participants have [until Wednesday 22nd June] to notify the AEMC of their intent to claim compensation’
An updated today from the AEMC about the compensation claims process under APC is worth sharing with Participants who read WattClarity.
Trended bidding from BESS discharge (NEM-wide) … highlighting APC and Market Suspension
Someone asked me a question on social media this morning about batteries ‘withdrawing capacity’ … here’s a view of what’s happened using ez2view (and as presented to EUAA).
Two articles on LinkedIn that might be useful reading contrasting the two different Compensation Processes (i.e. AEMO Directions and AEMC APC)
Despite it being overtaken by today’s Market Suspension, with its own compensation arrangements – still might be useful for readers to be aware of these two sources of discussion about the two different sources of compensation that seemed to be at play for a few days under Administered Price Caps (APC) following Cumulative Price Threshold (CPT) being reached.
AER circulates letter to remind generators of compliance obligations
Lynne Gallagher highlighted this reminder sent out to all generators from the AER, and we thought it worthwhile copying over to WattClarity here.