Rapidly growing solar PV output has been widely tagged as the cause of low and even negative prices in Queensland. But in any market it’s the behaviour of ALL participants that determines price outcomes. Guest author Allan O’Neil takes a closer look at recent NEM bidding.
The run of prices at $0/MWh and below is continuing in Queensland region this week as we pass into spring (many dispatch intervals today down as low as the Market Price Floor at -$1,000/MWh). This begs a few questions…
Two pages taken from our Generator Report Card following several different requests from people who attended different events recently where the Report Card was discussed.
Last week the AEMO released a draft of the Marginal Loss Factors (MLFs) that would apply to both generation and loads connected to the NEM. This page on the AEMO site links to more details. On that page, the AEMO…
The surge in NEM spot prices since 2015, and related impacts on contract and retail prices, have been extensively discussed and analysed in many forums, from ACCC inquiries to Twitter. The underlying reasons for the rise are well understood and…
Some thoughts (triggered by the latest wave of focus on “cost” on social media this week) about why we need to rapidly shift our focus to what customers “value” and the market needs.
We’ve noted what seems to be an increasing tendency of all of us to reach for some form of “magic wand” as a cure-all for the vexed challenges confronting us in this energy transition.
Fifteen months after first speaking at Clean Energy Summit about the train wreck that’s ongoing in terms of our mismanaged energy transition (and coincident with another industry gathering in the form of the AFR National Energy Summit), we note about Villain no5 as the next contributor to our transition running off the rails…
Through our consulting business, Greenview Strategic Consulting, we have had the pleasure of working with a variety of new entrants and NEM-veteran organisations alike in the generation sector of the NEM over the past few years (along with other clients). …
A detailed look at two specific trading periods in the day (Tuesday 24th July 2018) that saw negative dispatch prices occur at the start of trading periods – hence provided a case study for how existing Semi-Scheduled plant respond (especially in combination with transmission constraints and the Semi-Dispatch Cap).
A year after I first spoke about “Villains” playing a role in the train wreck of our energy transition, I’ve finally found some time to post about Villain #4.
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.
An advertisement seen on TV in recent days from a (relatively) new entrant in the energy sector reinforces, to me, the need for the energy sector more broadly to do a much better job of respecting its prospective customers.
Understanding the difference between blackouts, generator trips and intermittent generation and how these events are managed.
Upgrading our existing coal thermal fleet to increase efficiency and flexibility could provide a cost-effective opportunity to add dispatchable capacity and lower the overall carbon intensity of our electricity sector.
Some quick calculations performed today to help me try to understand what the future might hold, in terms of battery storage (given I’ve been asked to talk batteries today at the National Consumer Roundtable on Energy).
Following on from my earlier post about my own experiences as a small power generator (with solar PV at home), I’ve taken a broader look at solar PV production NEM-wide, including over the corresponding “stormy weather” period of October highlighted in the prior article.
My sense is that we, the voting public, are Villains #2 in running the energy transition train off the tracks.
First up in our listing of Villains in relation to the unfolding energy crisis are, of course, our political leaders – State and Federal, past, present and prospective.
A multi-layered energy crisis is upon us. I’ve identified 10 “root causes” (or “villains”) that have each played key roles in the way in which our energy transition has run off the rails.