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.
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.
The third and final part of this series of articles from Greg Williams about opportunity costs in electricity markets – this time narrowing in on policy implications.
A short note about the AEMC’s draft determination, published today.
Administered Pricing has ended for FCAS in SA after roughly 12 days.
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.
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.
A short article about the rule change proposed by Alinta Energy to raise the APC … quite topical given Q2 2022.
This morning (Tue 5th july 2022) AEMO announces it may see the need to trigger Reserve Trader this evening.
A short note about the end of the Administered Pricing Period (for now?) from 04:05 on Thursday 23rd June 2022.
A short article to follow on from an AEMO announcement at 16:30 today about a possible pathway out of Market 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.
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.
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.
The IRPM has dropped again this evening, with drops in Available Generation outpacing drops in Demand.
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 has joined QLD by exceeding the Cumulative Price Threshold … and now Administered Pricing to begin.
Might be useful to some of our readers…
A quick article Sunday evening as the Cumulative Price for the QLD region skyrockets ever so close to the Cumulative Price Threshold…
A later article reviewing how Cumulative Price in Queensland has jumped upwards this evening (towards the CPT) as a result of a solid four hours above $1,000/MWh.