Cumulative Price in VIC drops negative (but *not* the first time ever!) on Thursday 29th August 2024
On Thursday 29th August 2024 the Cumulative Price in Victoria dropped below $0/MWh … but Dan Lee noted not for the first time ever in any region.
Cumulative Price
Keep an eye on the Cumulative Price … especially in South Australia
Following recent market volatility, here’s a quick look at the current trend of Cumulative Price for each region.
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
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.
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.
Over 3 hours of price volatility in NSW on Wednesday evening 8th May 2024 … with Cumulative Price rapidly closing in on CPT
Blasting past 3 hours this afternoon/evening (and still counting), the run of spot price volatility in NSW drives the Cumulative Price up towards the CPT. Will it break the cap this evening, or tomorrow?
Cumulative price in SA goes negative on October 26th 2023
In a rare occurrence (and perhaps a sign of the times), we noted that the cumulative price in SA turned negative yesterday afternoon.
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.
RERT may be triggered this evening – Tuesday 5th July 2022?
This morning (Tue 5th july 2022) AEMO announces it may see the need to trigger Reserve Trader this evening.
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.
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.
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.
IRPM on a NEM-wide basis drops down to 9% again, at 20:05
The IRPM has dropped again this evening, with drops in Available Generation outpacing drops in Demand.
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.
AEMC publishes ‘How to lodge a claim for compensation’
Might be useful to some of our readers…
QLD volatility Sunday evening explodes past the Cumulative Price Threshold (CPT)
A quick article Sunday evening as the Cumulative Price for the QLD region skyrockets ever so close to the Cumulative Price Threshold…