For a second portion of Q2 “elephant eating”, I’ll look in some detail at the dynamics of an early instance of spot price volatility in Queensland, because many drivers turn…
high FCAS prices
High Contingency FCAS prices (Raise 6 second) in response to what’s happened at Callide Power Station drove the Cumulative Price to (6 times) the Cumulative Price Threshold. Administered Pricing began Saturday evening for QLD.
It’s not officially summer, yet – but it sure seems like it is across QLD and NSW. High temperatures drive some prices spiking up to the Market Price Cap in both ENERGY and some FCAS commodities as well…
Another islanding event separated the SA region from the rest of the NEM yesterday (Monday, 2nd of March). Allan O’Neil investigates what happened before the event and possible causes.
Jonathon Dyson of Greenview Strategic Consulting uses the Generator Statistical Digest to highlight FCAS revenue results, contingency recovery and regulation costs for 2019, and help explain why it is critical for us all to understand FCAS.
Guest author, Allan O’Neil, takes a look at what’s happened in the (islanded) market for FCAS services in South Australia over the past two weeks with Heywood out of service. He notes:
“generators in SA as a group would have paid out roughly twice in contingency raise FCAS costs what they earned from selling energy”
Some brief analysis of today’s price volatility seen in the South Australian region of the NEM
Low energy prices in South Australia combined with high prices for Raise Regulation
Quick review of a spike in FCAS Prices in South Australia on Tuesday 18th April 2017 – leading to Administered Pricing for Raise Regulation Services.
AEMO issued a Market Notice this morning for an LOR2 “Low Reserve Condition” in South Australia. Here’s my sense of some of what’s happening.
On the 23rd of July, 2008 one of the HWTS – LYPS 500kV Line was down for maintenance when a second one tripped, leaving only one line remaining. This caused NEMMCO to declare the failure of that remaining line the greatest single contingency in the NEM, causing them to buy large amounts of FCAS from generators.
It appears that we spoke too soon when we mentioned on the 22nd July that winter 2008 had been relatively uneventful.
Just over 24 hours from making these comments, we saw prices jump sky-high in the mainland regions, and go the other way (to the negative price cap) in Tasmania.