This morning we also saw a sizeable drop (just over 1,300MW) in Available Generation the QLD region … which appears to have triggered an ‘Actual LOR2’ condition.
“N^^Q_LS_VC_B1” constraint equation
A quick article Monday evening about volatility in QLD.
A quick look at the start of price volatility on Tuesday evening, 7th June 2022
A short article about this evening’s market volatility in the QLD region on Monday 16th May 2022
Does not look like demand will rise as high on Wednesday evening as it did on Tuesday … but the price still spiked.
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).