A chart we threw together quickly at Beer O’Clock today (from the imminent release of the GSD2020) was worth sharing more broadly on WattClarity today…
Guest author Allan O’Neil provides this handy explainer on how generators’ contract positions affect their bidding decisions and can make negative spot prices pay off, at least in the short term. Very useful for those readers not actively involved in wholesale trading in helping to understand why some conspiracy theories might not match reality.
Walking through 5 (much simplified) “Dispatch Intervals” to illustrate some starting principles of marginal price based dispatch arrangements, such as used in the National Electricity Market
Reading an article in the Courier Mail on Saturday I was struck by the use of two particularly odd examples to support a case for retention of government ownership of electricity generation.
A further look at bidding behaviour (this time in Queensland) and the extent to which this is contributing to low prices
Have generators already removed the carbon tax from their bids, in July 2014 – and is this the reason why we observed prices plunging on 1st July?