South Australia and then Victoria follow NSW in joining QLD on Administered Pricing
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.
Administered Pricing
Is South Australia or Victoria next to the CPT … with Administered Pricing also in NSW?
With NSW under Administered Pricing now (<24 since QLD hit that mark) we look at other regions and who might be next domino to fall.
NSW smashes past Cumulative Price Threshold on Monday evening 13th June 2022
NSW has joined QLD by exceeding the Cumulative Price Threshold … and now Administered Pricing to begin.
NEM-wide IRPM down to only 13%
It’s 17:30 and the white knuckle ride through this evening begins…
Update on AEMO’s forecasts for load shedding – QLD and NSW, today and tomorrow
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 quick review of yo-yo instance number 2 (pre 22:00 on Sunday 12th June 2022)
A short review of what we named ‘Instance #2’ in the yo-yo-ing of Available Generation after Administered Prices came into effect.
AEMC publishes ‘How to lodge a claim for compensation’
Might be useful to some of our readers…
The yo-yo cases of Available Generation in the QLD region through Sunday 12th June and Monday 13th June 2022
A quick tabular list of the 7 cases overnight where QLD saw ‘Actual LOR2’ and/or yo-yo Available Generation
Desperate times call for desperate measures on Monday 13th June 2022 (constraints violating … increased risk of Voltage Collapse)
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 at play.
AEMO forecasts LOR3 (i.e. controlled Load Shedding) for QLD on Monday evening 13th June 2022
AEMO’s now forecasting load shedding for this evening … Monday 13th June 2022
With Administered Pricing in QLD, overnight NEM activity enters the rabbit hole
First article on Monday 13th June 2022 with QLD under Administered Pricing – looking at not only QLD but also strange outcomes everywhere else…
Bizarre pricing continues outside of the QLD region
At 22:40 the price exceeds $10,000/MWh in NSW, VIC and SA … with QLD under Administered Pricing.
For the 3rd time this evening … QLD at an ‘Actual LOR2’ warning level
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.
After AP is imposed in QLD, volatility started elsewhere
Volatility has ramped up in NSW, VIC, SA and TAS (particularly SA) with QLD under Administered Pricing.
South Australia spikes, with Heywood unconstrained … 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.
What would happen if…?
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 reached in the Victorian DWGM ……
Victorian wholesale gas prices hit Cumulative Price Threshold
Referencing Josh Stabler’s comment on LinkedIn about Administered Pricing in the Victorian DWGM.
Administered Pricing reached for Raise 6 second (Contingency) FCAS in Queensland
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.