Guest author, Allan O’Neil, takes us several steps further in understanding the events in Victoria on Tuesday 13th February 2024 – especially with respect to VRE (wind and solar) production.
A short note about the AEMC’s draft determination, published today.
Another high profile report that’s been released this week is today’s Reliability Standard and Settings Review (from the Reliability Panel)… flagging some changes to settings from 1st July 2025, and some further changes after that time.
A quick article with the unfolding situation this afternoon in Victoria – tight supply/demand balance, price spike to the Market Price Cap, and RERT negotiations ….
Load shedding in South Australia on Wednesday 8 February and successive ‘close shaves’ in NSW and Queensland as the heatwave spread north have exposed serious weaknesses in the national electricity market (NEM).
Some quick notes about a price spike to the (newly raised) Market Price Cap in NSW this morning
A record of how a day of see-sawing prices appeared (in real time) in NEM-Watch
Note that the high prices have since been revised, but the low prices (down to -$1000/MWh) remain, at least for now.