A year on from my review of "remarkable" prices seen in Q2 2016, I return to the same analysis and update for Q2 2017. Outcomes are even more extreme...
Coming back from a week out of the office, I was disconcerted to see that yet another industrial energy user has closed its doors.
Some quick thoughts about Tesla's promise to "fix South Australia's power woes". Which specific problem is Tesla promising to fix?
AEMO early morning forecast pointing to a new record electricity demand late this afternoon.
An astounding day with Queensland electricity demand on a Sunday - a new peak (according to Powerlink) or not quite (on Dispatch Target basis).
Looking forward to this evening, and what looks set to be a near all-time record for QLD demand (a remarkable outcome for a Sunday)
4th update on this white-knuckle day.
Another update, as NSW demand shoots up towards a new all-time record
2nd quick note in advance of today's expected new record demand in NSW (and hopefully not load shedding)
Here's an update on the situation in NSW
An animated walk through 19 hours of Saturday 14th January 2017 in the Queensland region of the National Electricity Market - a day we dubbed "sizzling Saturday" not least because of extreme price volatility
The Queensland region experienced a new all-time record for electricity demand today, along with some very hot weahter
NEM-wide demand roared to life today, for the first time this summer, with hot weather pretty much everywhere.
Volatility in Queensland on a sizzling Saturday drives the Cumulative Price more than half-way to the Cumulative Price Threshold (where price caps would be imposed).
Queensland Scheduled Demand on Friday 13th January peaked even higher than on Thursday 12th January, and only 70MW below the all-time record
Hot weather drives Queensland demand higher than 9,000MW for the first time this summer - even with many people still out on holidays...
After an AEMO notice of Low Reserve Condition this summer and next in the south, I had a quick look...
A starting list of factors that I'd look further into, if I was sucked into the "rabbit hole" of assessing all of the contributing factors leading to the Remarkable Prices seen in Q2 2016...
Some brief notes about a changed pricing pattern observed in Q2 2016
Pondering more implications of the boom/bust pricing witnessed in the South Australian region last week...