Trended NEM-wide IRPM over 9 days in June 2024
A short article in conjunction with GenInsights Quarterly Updates for 2024 Q2, trending NEM-wide IRPM over 9 days in June 2024.
IRPM
NEM-wide IRPM might be below 15% during evenings the next 3 days… Tue 18th, Wed 19th and Thu 20th June 2024
Following a 90-minute period of low IRPM yesterday evening (Mon 17th June 2024) we take a quick look at see forecast low levels of IRPM for Tue 18th June evening (very low!) and Wed 19th June and Thu 20th June.
90-minute run of IRPM < 15% on Monday evening 17th June 2024
Second article this evening (Mon 17th June 2024) adding some more detail to the tight supply-demand balance, hence low IRPM, this evening.
Cold temperatures and low wind push NEM-wide IRPM down to 11.76% on Monday 17th June 2024
This evening we are experiencing a tight supply-demand balance NEM-wide, stemming from cold temperatures, and low wind conditions across the southern states.
Brief Case Study of Sunday 4th February 2024, with low IRPM following high Market Demand
A quick look at the low point for NEM-wide IRPM on Sunday evening 4th February 2024.
Brief details of IRPM through the day on Monday 20th November 2023
A short note (in conjunction with some analysis for GenInsights Quarterly Updates for 2023 Q4) about the narrow band of IRPM seen through the day on Monday 20th November 2023.
Sky-high IRPM in the middle of the day, Sunday 1st October 2023
A short note (in conjunction with some analysis for GenInsights Quarterly Updates for 2023 Q4) about the high level of IRPM seen on Sunday 1st October 2023.
Demand (and price) spiking in QLD on Thursday afternoon 18th Jan 2024
A third article (first on the day) looking at tight supply-demand balance in the QLD ‘Economic Island’ on Thursday 18th January 2024
NSW ‘Market Demand’ climbs past 13,000MW – and IRPM drops – but prices stay moderate
NSW ‘Market Demand’ exceeds 13,000MW for the first time today (Thu 14th Dec 2023)
Case Study (Part 2) of Low % VRE NEM-wide on 3rd and 4th July 2023
The second part of an ongoing case study examining two successive days of low VRE generation in early July 2023. This part examines IRPM, earlier forecasts of available generation and maps the availability by site location.
New ‘lowest ever*’ points for Market Demand–in Victoria and NEM-wide on Saturday 16th September 2023 (and record high IRPM)
A quick capture of an unfolding situation on Saturday 16th Sept 2023 – seeing record low demand (in VIC and NEM-wide), and highest ever IRPM.
A cold evening drives NEM-wide demand high, and IRPM low, on Tuesday 20th June 2023
The ‘Australian Energy Week’ conference this week in Melbourne, and the NEM this evening has given a real-time example of some energy transition challenges.
IRPM drops below 15% on Tuesday 23rd May 2023
A short article this evening noting IRPM has dropped below 15% on a NEM-wide basis (a tight supply-demand balance).
NEMwide IRPM drops below 15% (at 17:55) on Wednesday 10th May 2023
The IRPM has dropped below 15% across the NEM on Wednesday 10th May 2023 … first time this has happened since the stressful winter 2022.
A burst of heat and volatility in QLD on Tuesday 31st January 2023
A quick recap of some market volatility (and other developments) in QLD on Monday 31st January 2023
Long-range trend of Instantaneous Reserve Plant Margin (IRPM) and focus on Q3 2022 – from GenInsights Quarterly
One of the metrics we introduced into GenInsights Quarterly Update for 2022 Q3 was a long-range review of IRPM (Instantaneous Reserve Plant Margin). In this article we share a little of what we found.
(Somewhat artificially) low NEM-wide IRPM on Wednesday evening 22nd June … looking forward to possible easing of Suspension on Friday morning
A quick look at the NEM on Wednesday evening, with thoughts to the near future.
Wafer thin margin Friday evening, NEM-wide [caveat = based on generation bid available for NEMDE pricing/dispatch]
A quick snapshot for NEM-wide Instantaneous Reserve Plant Margin down at 3% at 23:45 on Friday evening 17th June 2022.
TAS spot price at $15,100/MWh with near-record Market Demand … and NEM-wide IRPM hits a low of 4.33% Tuesday morning
Second article this morning, highlighting the very tight supply-demand balance.
IRPM on a NEM-wide basis drops down to 9% again, at 20:05
The IRPM has dropped again this evening, with drops in Available Generation outpacing drops in Demand.