Striving to catch up on a couple weeks away, today I’ve tried to piece together the current state of deliberations about the potential (and rushed) implementation of caps on domestic gas and coal prices feeding into the NEM.
Carl Daley of EnergyByte walks through the ‘angry bear response’ between market players, and the outcomes and consequences of these actions.
There’s been some movement in AEMO’s forecast Lack of Reserve positions for tomorrow (Thu 2nd June 2022) but the outlook still seems to be tight…
A very short note containing a graph posted by Josh Stabler yesterday, showing that a new record Australian domestic weekly gas price has been hit.
The EUAA is holding its National Conference this week in Melbourne, and we’re looking forward to being there. Elevated prices (which we have seen a lot of recently) are sure to be part of the conversation…
Guest author, Josh Stabler of Energy Edge, provides a look into the ‘contagion of scarcity’ events impacting the market since mid-May 2021.
Carl Daley of EnergyByte, examines recent energy and gas price volatility, leading to the conclusion that the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.
A short record of gas prices being up at $20/GJ and above through a cold spell for winter, with other factors at work.
Carl Daley of EnergyByte examines the ramifications of the Callide Power Station outage and discusses the big losers and winners from the situation.
When markets operate normally, a sharp rise in the price of any commodity triggers a boom in exploration, development and new supply. But this is not seeming to happen in response to high domestic gas prices. In this article, guest author (Graeme Bethune) examines why.
Some analysis of gas-fired generation in Queensland, with the first LNG exports steaming away from port.
Further analysis of the interaction between electricity and gas markets in Queensland at present.
This is the lowest I can remember seeing the STTM gas price at the Brisbane hub!
A few thoughts from another guest commentator (Paul Taliangis @ Core Energy) about where gas-fired generation volumes look set to go.
Some thoughts about drivers supporting higher fuel costs – and hence driving electricity prices higher in future (assembled from comments made at EUAA events, and elsewhere).