Prices race in QLD and NSW as horses race in VIC
Tuesday 3rd November, and the temperatures that had driven prices higher in SA the previous day moved eastwards. Whilst VIC demand was lower as everyone lost their shirts...
economic island
The NEM wakes from its spring slumber
A quick review of some activity in the market on Monday 2nd November 2009 (and in particular a price spike in South Australia).
Highest (real) NEM-Wide Demand this winter – on Thursday 11th June 2009
Some preliminary analysis of what happened on Thursday 11th June 2009 - when the NEM experienced its highest NEM-wide demand this winter.
Prices Surge in QLD and NSW as Demand Climbs
We noted yesterday (Wednesday 10th June) that NEM-wide demand climbed past 32,000MW for the first time this winter. The following evening saw demand climb to similar levels (a...
High Prices and Low Reserves in NSW
An illuminating view of the NEM during the high NSW prices on 31st October 2008, illustrated with screenshots and a dynamic video from the new NEM-Watch v8.
Prices depressed in the NEM – Winter 2008
Our Managing Director spoke at the "Australian Energy & Utility Summit 08" in Sydney on Tuesday 22nd July 2008, touching on a number of issues including the depressed...
Our review of the heat wave in South Australia
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian...
Analysis of price volatility in the QLD region over summer 2007-08
Our Managing Director was asked to speak at the "Queensland Energy" conference in Brisbane on Wednesday 12th March - specifically addressing the topic of price volatility in the...
22nd and 23rd February 2008 – a rare hot spell in Queensland
In Queensland we experienced one of the mildest summers I can remember. As a result of this, demand levels were subdued for most of summer. However, for a...
11th January 2007 – first spike in demand above 30,000MW
There was a temperature-driven spike in demand across the NEM later in the week beginning Sunday 7th January - culminating in the summer's first demand peak above 30,000MW...
21st November 2006 – demand spike in NSW
There was a temperature-driven spike in demand in NSW on Tuesday 21st November 2006. These sweltering temperatures combined with bushfires to cause localised blackouts in the Sydney city...
2nd February 2006 – price spike in NSW and Queensland
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland - but...
24th February 2006 – price spikes in Victoria
Demand in Victoria peaked again, bringing with it high prices in Victoria and (to a lesser extent) South Australia. Indeed, the demand experienced in Victoria (on Friday 24th...
Weekly summary of events in Summer 2005-2006
Summer 2005-06 saw Australians sweltering in temperatures 40 degrees and above. In the National Electricity Market, this led to new peaks in demand and (given the tight supply/demand...