A longer-term trend of the incidence of negative prices across each region of the NEM … and, most interestingly, the pattern by time of day.
Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
Following several different warnings of high temperatures forecast for the lead-in to Tuesday 26th January 2021 (whatever you want to call that day) I’ve taken a quick look at what it’s currently forecast to mean for the NEM…
An unfortunately timed significant slump in output across all Wind and Large Solar plant in NSW was another of the factors contributing to the price volatility seen in NSW last week.
Following a week where several days saw price volatility in NSW (with this being so extreme that Reserve Trader was triggered on Thursday 17th December) we’ve taken a look at the comparative performance of coal units across the NEM (and particularly in NSW) compared to prior years.
Third day in a row we see volatility in NSW (and QLD) … and this afternoon AEMO contracts, and then dispatches, Reserve Trader in NSW
Second day in a row the price spikes in the NSW region … higher and longer than yesterday. Low aggregate production from Wind and Large Solar across NSW today was clearly one other factor that contributed.
Earlier this afternoon we were alerted to a price spike in NSW and QLD that was seemingly caused by a unit trip at one of the larger generators in NSW.
It’s not officially summer, yet – but it sure seems like it is across QLD and NSW. High temperatures drive some prices spiking up to the Market Price Cap in both ENERGY and some FCAS commodities as well…
Winding down through Beer O’clock at the end of a long week with the team and the buzzing of my phone distracts to a few successive price spikes this afternoon…
Spurred by a number of concurrent requests I’ve returned to the pattern of prior analysis of Q2 prices (completed in 2016, 2017 and 2018) to look at what’s changed for Q2 2020 that’s just ended. Some stakeholders clearly taken by surprise. Analysis includes the SWIS in Western Australia
In order to help us (internally) map out all the different threads to explore in terms of what happened on Friday 31st January 2020 on a remarkable day in the NEM, I’ve identified a few of the key threads here over the weekend. More articles to follow as time permits….
With the benefit of more data available today, can piece together why there was the sudden drop into LOR2 territory on Saturday 1st February 2020 (something that alarmed me, and resulted in AEMO directing a participant to make capacity – just withdrawn – available again).
I’ve snuck into the office on Saturday to start the process of piecing together some of of the different aspects of what happened yesterday to follow on from Friday evening’s…
Today (Fri 31 January 2020) saw NEM-wide demand reach levels never seen before (excepting 29th January 2009). This was just the start of the white knuckle ride.
Guest author, Allan O’Neil does a masterful job with limited time in reviewing some of the goings-on in the NEM (particularly VIC and SA) on Thursday 30th January 2020
Published at 12:02, this is a view looking forward to the expected (very high) peak in electricity demand across the NEM this evening.
A brief overview of a stressful afternoon/evening in the NEM, where a confluence of events (heatwave-driven high demand, low wind, coal unit trip, etc…) drive LOR2 low reserve condition notice in both VIC and SA, and gear AEMO up to call on Reserve Trader (yet again!)
Today I managed to get about half-way (only!) through some analysis I wanted to do to ‘scratch that itch’ about what happened in the NSW Region on Thursday 23rd January – with LOR2 conditions necessitating RERT (Reserve Trader) in the NSW Region.
A quick 2nd article today looking at how Reserve Trader was dispatched (and a couple other complexities)