A (temporary?) reprieve from the incessant high prices on Sunday 29th May 2022
Something I’ve not seen all that much for quite a while … zero and negative prices in the middle of the day.
low prices
Longer-term trends of low (and high) dispatch prices in the NEM across all regions.
Our various dashboard views of the NEM (NEMwatch, ez2view and deSide) have been showing what’s seemed like increasing numbers of zero and negative prices in the NEM recently – particularly in QLD. Coupled with this we’ve seen various commentary on social media. Hence we took a more statistical look at what’s actually been changing…
Why large energy users are concerned about last week’s machinations in South Australia
Pondering more implications of the boom/bust pricing witnessed in the South Australian region last week…
Gas burn at Queensland power stations has dropped in September
Further analysis of the interaction between electricity and gas markets in Queensland at present.
Electricity spot prices crushed from all sides
Low prices today in South Australia and Queensland for various reasons – but summed up by a large oversupply of capacity
A 60% Instantaneous Reserve Plant Margin – even with plant out for maintenance
A massive overhang of capacity seen today – leading to price suppression
Negative spot prices in Queensland
Prices dropped below $0 in Queensland this morning – not for the first time in recent days…
Queensland gas prices plunge, and generators splurge
This is the lowest I can remember seeing the STTM gas price at the Brisbane hub!
Spot prices back to yesteryear
Spot prices in the doldrums with low demand and high production from wind and gas.
Reduced exports contributed to reduced prices
Reduced export capability over QNI south contributed to the low prices seen last week.
… and what of Generators in Queensland, in particular
A further look at bidding behaviour (this time in Queensland) and the extent to which this is contributing to low prices
Have generators backed carbon out of their bids post 30 June – but prior to the repeal passing?
Have generators already removed the carbon tax from their bids, in July 2014 – and is this the reason why we observed prices plunging on 1st July?