Actual LOR1 eventuates in NSW on Tue afternoon 17th Dec 2024
Market Notice #122113 states that an actual LOR1 condition has eventuated in NSW, with prices and demand still fluctuating in the region at the time of writing.
Market Notice #122113 states that an actual LOR1 condition has eventuated in NSW, with prices and demand still fluctuating in the region at the time of writing.
Monday 16th December 2024 was an interesting day in the NEM for a number of reasons. So we’ll use the ‘Bids & Offers’ widget in ez2view to do this quick initial review and then, depending what we see, determine whether we want to invest further time to delve deeper…
At 13:06 NEM time the AEMO published MN121831 and 121833 noting the cancellation of the forecast LOR3 that was in place for both Monday 16th December 2024 and Tuesday 17th December 2024.
We noted as it happened (e.g. hard to ignore a steady run of SMS alerts) , but only belatedly publish this record of evening volatility on Thursday evening 12th December 2024.
We’ll explore ‘what’s changed?’ more in subsequent articles – but in this article just want to flag the Market Notice updates around 05:00 (NEM time) this morning with forecast load shedding for Monday and Tuesday next week growing more extreme …
Third article already this morning looking ahead to what’s forecast for Monday 16th December 2024 … longer duration (and deeper) LOR3 (load shedding) in NSW + also LOR2 in Victoria.
With AEMO forecasting LOR3 (i.e. load shedding) in NSW for periods of time on Monday 16th December 2024, in this WattClarity article we take a first look. More to come *as time permits* (and as situations change, etc…).
“Surely not again so soon!?” … was my first response at reading MN121734 published at 00:42 (NEM time) on Thursday 12th December 2024, forecasting LOR3 (a.k.a. load shedding) in NSW for Monday 16th December 2024.
Reserve levels and curtailment estimates of November 27 indicate looming transmission challenges for the future.
Oliver Nunn of Endgame Analytics provides this summary of NSW price, demand and generation trends to provide context about what has happened in the region over the past several weeks.
For several reasons, we’ve reviewed some afternoon volatility in NSW on Friday 6th December 2024.
A snapshot of the 14:35 dispatch interval, at the start of a run of spot price volatility in NSW on Friday afternoon 6th December 2024.
Here’s a quick 14-day review of the operation of the VIC1-NSW1 interconnector, including the price difference across it.
High prices eventuate slightly earlier than was earlier predicted, coinciding with the ‘N-CTMN_4_WG_CLOSE’ constraint set starting invocation today.
A short note for Tuesday morning 3rd December 2024 to highlight the emergence of forecast LOR2 conditions (and spicy prices) in NSW for later today
Separating curtailment from being priced out, we uncover features of unit utilisation by fuel type on the 27th November 2024.
Wednesday 27th November saw tight supply and demand balance, NSW Energy prices at the MPC for a string of intervals, actual LOR2 conditions, and activation of the RERT mechanism, but in the end no load shedding (LOR3 conditions) eventuated.
An early look at two demand-side factors worth examining regarding the tight situation in NSW yesterday.
A brief recap on the dispatch of RERT on 27 November in NSW compares it to demand levels at the time.
A demand decline in NSW supports the end to a RERT intervention in NSW on 27 November 2024.