Mercury Rising: Recent NSW prices and the impact on customers
Oliver Nunn of Endgame Analytics provides this summary of NSW price, demand and generation trends to provide context about what has happened in the region over the past several weeks.
high prices
High prices in NSW eventuate early, and briefly, on Tue 3rd Dec 2024 as Collector-Marulan 330kV outage invoked
High prices eventuate slightly earlier than was earlier predicted, coinciding with the ‘N-CTMN_4_WG_CLOSE’ constraint set starting invocation today.
An initial pass over ENERGY bids during price volatility of 30th July 2024 (focused on South Australia)
Five key takeaways arise from an initial inspection of energy bids on the 30th July 2024, where extended periods of high energy prices eventuated.
How rare are simultaneous price spikes in all five NEM regions, like what we saw last night?
A short examination of some of the over-arching factors at play yesterday evening – where prices spiked above $3,000/MWh in all five regions simultaneously.
Rare NEM-wide price spikes on Monday July 29th 2024
Already this evening we’ve seen a rare occurrence of price spikes in all five NEM regions simultaneously.
Bout of high prices in SA on Sunday evening July 28th 2024
The South Australian region is seeing a run of high prices, starting just after 6pm this evening.
Spot price volatility in the evening of 4th September 2023
Spot price volatility was experienced in Queensland and New South Wales on 4th September 2023.
A run of high prices seen in SA this morning Wednesday 28th June 2023
Earlier LOR conditions forecast for SA this morning did not eventuate to an actual, but the region was hit with a short run of price spikes.
Market players are poking the bear …
Carl Daley of EnergyByte walks through the ‘angry bear response’ between market players, and the outcomes and consequences of these actions.
What was the total cost of ‘keeping the lights on’ across the NEM in June?
Dan Lee provides some exploratory calculations in order to estimate the total cost of maintaining electricity supply throughout a very turbulent June.
Diverse generator responses to illusive FCAS prices on Wednesday 10th August 2022
The market volatility on Wednesday 10th August 2022 turned out to be illusive. We review unit output by fuel type to study how different generator groups responded on the day (in aggregate) finding increases, decreases and patterns in between.
Reviewing price patterns in Q2 2022 … anatomy of an Energy Crisis
After many years in a row, we return (in the midst of the ‘2022 Energy Crisis’) to review the pricing patterns in the NEM and the WEM for Q2 2022.
Morning dose of volatility in QLD – Tuesday 7th June 2022
A quick look at some of the factors of this morning’s price volatility in the QLD region.
Josh Stabler discusses the ‘timeline of energy scarcity’ at the EUAA conference this morning
Earlier today, Josh Stabler spoke at the Energy Users Association of Australia (EUAA) conference in Melbourne about “the timeline of energy scarcity’. His presentation focused on rising spot and futures prices throughout the four mainland regions of the NEM.
April market prices surge
Guest author Carl Daley from EnergyByte provides this summary of record-setting spot price outcomes throughout April. Carl also looks at how generator outages, rising global LNG and thermal coal prices, and other factors are putting pressure on spot prices.
Demand response dispatched on January 31 2022 in Victoria
Recent WDR activity on January 31 took advantage of the spicy Victorian wholesale energy prices that eventuated in the late afternoon and early evening under unusual circumstances.
Biggest price shock in history
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.
Gas issues and low wind contribute to low NEM-wide IRPM (and volatility) on Monday 21st June 2021
A short article marking (yet) another volatile evening in the NEM in this ‘elephant’ of a Q2 2021… now with some added challenges for gas-fired generation.
Callide C Event Fallout
Carl Daley of EnergyByte examines the ramifications of the Callide Power Station outage and discusses the big losers and winners from the situation.
QLD dodged a bullet …. Tue 25th May 2021 (Part 3)?
Third short article this evening, after it looks like we’ve escaped from a tight supply/demand balance (reasonably) unscathed.