How prices will be set, under the new “Demand Response Mechanism”
Some worked examples of how several forms of Demand Response (including the proposed new Demand Response Mechanism) might impact wholesale prices, and participant positions.
demand response
Implications for Australia’s NEM of the US Court Decision setting aside FERC Order 745 (about Demand Response)
Some thoughts about the structure of FERC Order 745, and the arguments for & against setting it aside the in the US Court of Appeals – and the relevance for the Australian National Electricity Market
Full Disclosure 4 – Demand Response
We play an active role in facilitating the Demand Response of large energy users, such that they can assist in making the electricity market more efficient.
Reviewing the contribution of gas, in South Australia’s heatwave last week
Following the heatwave last week, a review of the symbiotic nature of the link between the gas and electricity markets in the gas-hungry state of South Australia
Demand Response also helps Victoria and South Australia beat the heat-induced peak
As the temperature cools (but the debate heats up) here’s a quick look of how much contribution there was from demand response over the past week.
Morning price spikes in SA with no wind or coal
Augurs to be an interesting day in South Australia today, with two (now three) price spikes already this morning – due in part to no supplies from coal, or from wind.
Demand Side Response in NSW on 4th February
On the 4th of February at around 11am energy users in NSW appear to have curtailed their load in response to high prices, resulting in a significant drop in demand. Simultaneously, network conditions and generator rebidding caused the NSW pool price to jump back and forth between extreme prices close to VOLL ($10,000/MWh) and the Market Floor Price (-$1,000/MWh).
New record electricity demand in Queensland today (Monday 18th)
Some pictorial records of a day when a new record demand was set in Queensland.
Prices spike in South Australia today
Some quick notes about another price spike today in the South Australian region of Australia’s National Electricity Market
Some benefits of curtailability in Australia’s National Electricity Market
A look-back at 11 years of NEM history to reveal the nature and measure of benefits large industrial energy users can gain from curtailability in the NEM
Further thoughts about Summer 2008-09 (the heatwave, bushfires, new demand peak, and blackouts)
Summer 2008-09 is now well behind us, and there are a number of official reviews underway that will report back at some stage. Even so, we’ve been continuing to ponder…
Massive Demand, Huge Prices, Load Shedding and the Cumulative Price Threshold (and lessons learnt?)
Wednesday 28th January saw demand across the NEM jump to unprecedented levels, setting a new record of 34,843MW at 16:00 NEM time. On Thursday 29th January, we saw the demand increase still further, leading to prices that stayed high for much of the day (to the point where the Cumulative Price Threshold was reached in VIC and SA and price caps were imposed), and a relatively small amount of involuntary load shedding occurring in VIC and SA.
February in the NEM (a review of 10 years of history)
One of 12 articles on the months past in the NEM. February has seen multiple price spikes over the years often as a result of high demand caused by the summer heat, but also during times of surplus available generation capacity.
News Article Highlighting Opportunity for Demand Response
It was with interest that we stumbled on this article in the Herald newspaper talking about what happened on the 31st October in NSW