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.
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.
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.
A short article this evening noting IRPM has dropped below 15% on a NEM-wide basis (a tight supply-demand balance).
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 quick recap of some market volatility (and other developments) in QLD on Monday 31st January 2023
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.
A quick look at the NEM on Wednesday evening, with thoughts to the near future.
A quick snapshot for NEM-wide Instantaneous Reserve Plant Margin down at 3% at 23:45 on Friday evening 17th June 2022.
Second article this morning, highlighting the very tight supply-demand balance.
The IRPM has dropped again this evening, with drops in Available Generation outpacing drops in Demand.
As demand climbs into the evening the IRPM is dropping.
It’s 17:30 and the white knuckle ride through this evening begins…
First article on Monday 13th June 2022 with QLD under Administered Pricing – looking at not only QLD but also strange outcomes everywhere else…
Fifth article on Sunday 12th June takes a quick look at what’s on (and what’s not) in QLD this evening under AP with very tight margins.
NEM-wide IRPM is dropping lower and lower on Thursday 2nd June 2022
Across the NEM, surplus Available Generation is less than 15% more than aggregate Market Demand … a low IRPM.
A quick look at the current forecast for tight supply-demand balance on Thursday evening 2nd June 2022
A short look at the start of price volatility on Tuesday evening 31st May 2022
A very quick summary of market volatility touching all regions across Monday 30th May 2022 … but particularly in the evening.