All four mainland regions of the NEM are now under Administered Pricing ... with SA and then VIC joining NSW and QLD in quick succession Monday evening 13th June 2022.
With NSW under Administered Pricing now (
NSW has joined QLD by exceeding the Cumulative Price Threshold ... and now Administered Pricing to begin.
It's 17:30 and the white knuckle ride through this evening begins...
In what is a rapidly evolving situation, we see here another update from the AEMO ... extending forecast load shedding into NSW for tomorrow evening as well.
A short review of what we named 'Instance #2' in the yo-yo-ing of Available Generation after Administered Prices came into effect.
Might be useful to some of our readers...
A quick tabular list of the 7 cases overnight where QLD saw 'Actual LOR2' and/or yo-yo Available Generation
Here's one example of the steps being taken by AEMO (which would ordinarily be considered as not advisable) to match supply and demand in the NEM (and particularly the QLD region) with Administered Pricing...
AEMO's now forecasting load shedding for this evening ... Monday 13th June 2022
First article on Monday 13th June 2022 with QLD under Administered Pricing - looking at not only QLD but also strange outcomes everywhere else...
At 22:40 the price exceeds $10,000/MWh in NSW, VIC and SA ... with QLD under Administered Pricing.
Available Generation in QLD has been quite the see-saw following the imposition of Administered Pricing on Sunday evening, 12th June 2022. This is the 3rd occasion this evening we see 'Actual LOR2' warning.
Volatility has ramped up in NSW, VIC, SA and TAS (particularly SA) with QLD under Administered Pricing.
A follow-on from Administered Pricing in QLD is the start of some head-scratching market outcomes ... such as this spike in South Australia.
Have already posted a few articles today, but will leave you with a question that one of our readers asked me earlier today… It’s quite a topical question: 1) with the Cumulative Price Threshold...
Referencing Josh Stabler's comment on LinkedIn about Administered Pricing in the Victorian DWGM.
High Contingency FCAS prices (Raise 6 second) in response to what's happened at Callide Power Station drove the Cumulative Price to (6 times) the Cumulative Price Threshold. Administered Pricing began Saturday evening for QLD.