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.
low instantaneous reserve plant margin
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 second article today, with IRPM down below 15% on a NEM-wide basis.
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.
With respect to yesterday’s ‘Notification of Potential Gas Supply Shortfall Event’ and this evening’s tight supply-demand balance in the NEM, worth noting this AEMO tweet at 17:50 this evening: … which links to this short update on the AEMO website,…
NEM-wide IRPM is dropping lower and lower on Thursday 2nd June 2022
A quick look at the supply-demand balance for the QLD on Tuesday evening 8th March 2022 … where it became very, very tight for a period of time (hence very low IRPM).
On Friday evening (28th May) and again this evening (Sun 30th May) my phone buzzed plenty of times – due to price volatility, and also alerting on low IRPM (enabled with Callide units offline, and low wind harvest at peak demand time).
This morning the AEMO have called for expressions of interest for the ‘Unscheduled Short-Notice RERT’ for summer 2020-21.
Bit of an uncanny coincidence, having posted some concerns about the coming summer 2019-20 only 2 days ago, to find that the AEMO has called for expressions of interest for the Reliability and Emergency Reserve Trader (RERT) Panel across all…
A first look at some of the action seen in the southern parts of the NEM on Thursday 24th January 2019 as a result of the latest crazy heatwave that has afflicted central Australia – particularly affecting electricity supply and demand in South Australia and Victoria
A short post, prior to further analysis next week, to notify readers that Reserve Trader has been dispatched today.
Some snapshots from NEMwatch recording a day where NEM-wide demand breached 33,000MW and prices spiked above $1000/MWh in VIC and SA
Demand forecast down slightly on this morning, but still looking like a record.
NEM-wide demand roared to life today, for the first time this summer, with hot weather pretty much everywhere.
Today was the turn for NSW to feel the heat – with demand rising and supplies stretched as a result.
For the third day in a row, high temperatures drive demand higher – inching closer to a new all-time record for Victoria.
Recapping where the peak demand actually landed today, with the heatwave across southern Australia.
An early review of what’s been happening today (Wednesday 15th January) with the heatwave in Victoria and South Australia