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.
cumulative price threshold
Administered Pricing ends for FCAS in SA on Saturday 26th November 2022
Administered Pricing has ended for FCAS in SA after roughly 12 days.
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.
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.
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…
Four hours at above $1,000/MWh drives Cumulative Price well above $1,100,000 and close to Cumulative Price Threshold in QLD on Friday evening 10th June 2022
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.
QLD’s morning volatility more extreme on Thursday 9th June
Price volatility in the QLD region rose to another level on Thursday morning, 9th June 2022
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 ……
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.