A chart we threw together quickly at Beer O’Clock today (from the imminent release of the GSD2020) was worth sharing more broadly on WattClarity today…
Only 52 days after I initially envisaged being able to have this article published, a couple things today have prompted me to post this drain-dump of concerns that have been jangling around in my head – related to possible risks that COVID might pose in the NEM.
Like everyone else, we’re grappling with how COVID-19 will impact on us personally – and also in terms of what we do at work. Here’s a few initial thoughts about the types of impacts (and risks to manage) in relation to the National Electricity Market.
With summer 2019-20 fast approaching, we’ll use the refresher on the two core components of risk (probability and consequence) to unpick what the real issue is with respect to concerns about overheating electricity supplies this summer, especially in the Victorian region.
A simple refresher on two core components that combine in order to define risk – probability and consequence.
The run of prices at $0/MWh and below is continuing in Queensland region this week as we pass into spring (many dispatch intervals today down as low as the Market Price Floor at -$1,000/MWh). This begs a few questions…
A full page article in the FinReview today quotes a number of people (including our work in the Generator Report Card) speaking about heightened risk in the NEM. Coincident with this, we see another instance of negative prices in South Australia (which has become increasingly common) but also something I can’t remember seeing before – an average negative price across the entire day so far!
Guest author, Drew Donnelly at Compliance Quarter, uses the review of hedge practices in the wholesale market included in the recent ACCC report as an opportunity to reflect on what approaches they have seen in their work with new entrant retailers
Our guest author, Dave Guiver from ERM Power, outlines some new options for hedging in relation to the influx of many new large-scale solar PV projects