Yo-yo pricing in NSW today, and in QLD
Some ‘interesting’ price outcomes seen today in NSW and QLD.
NSW
AEMO commences Reserve Trader negotiations for NSW Region today (Tue 1st Feb 2022)
Third article already today … this one about AEMO and Reserve Trader in the NSW region.
QLD’s forecast LOR3 (Load Shedding) cancelled for today (Tue 1st Feb) – then reinstated, then escalated
A short morning article, looking forwards to this evening’s forecast tight supply/demand balance (and possible load shedding) in the QLD region.
Forecast ‘Market Demand’ in Queensland on Wednesday 2nd February now up at 9,929MW at 17:30
AEMO now asking for ‘Generator Recall Information’ for generators in NSW with LOR2 conditions forecast on Tuesday … and forecast demand levels in QLD for Wednesday 2nd February up near the all-time maximum.
Spot price volatility in QLD (and NSW) on Tuesday 21st December 2021
A quick look at this evening’s volatility.
Price volatility in QLD and NSW on Thursday 11th November 2021 (Part 1)
Some price volatility in NSW and (especially) QLD region on Thursday 11th November 2021.
[CORRECTION – CLOSE TO] New Record Scheduled Demand point also set for NSW on Sunday 31st October 2021 (Part 2)
[CORRECTION – CLOSE TO] Second region to fall lower on Sunday 31st October 2021, in terms of Minimum Scheduled Demand, was the NSW region
Recapping where the records sit, in ‘record minimum demand’ following Sunday 17th October 2021 (Part 4)
Capping off a weekend of new low points for minimum demand in NSW, and NEM-wide (and some near misses elsewhere) this table sums up where the low points sit.
New record for ‘Minimum Demand’ in the NSW region on Sunday 17th October 2021 (part 2)
A quick look backwards, later in the afternoon, at the new ‘lowest ever’ point reached for demand in the NSW region.
New low points for minimum demand on Sunday 17th October 2021 (part 1)
A short note to recognise that the ‘low point record’ has been nudged lower on several fronts already (Sun 17th Oct) … and forecast to drop further still
The slide continues – demand in NSW lower still on Monday 4th October 2021
Looks like AEMO will be announcing a new ‘lowest point’ for Operational Demand in NSW later, given what has happened on Monday 4th October 2021 (Labour Day holiday).
Demand records in NSW tumble for the second weekend in a row
Sunday afternoon saw demand in NSW hit new historic lows for the second weekend in a row.
‘Grid Demand’ in the NSW region plunges on Saturday 11th September 2021
[POSTED AT ~13:00] On Sat 11th Sept 2021, the ‘Grid Demand’ in the NSW region has dropped to levels not seen for many, many years … especially when considering it is in the middle of the day!
Morning volatility in QLD and NSW on Thursday 22nd July 2021
A quick record of some morning volatility in QLD and NSW … both due to tight supply/demand balance with interconnectors constrained.
Friday evening price spike in QLD and NSW – with 300MW demand response in QLD
A short article that might be referred back to later following a spot price spike (in QLD and NSW), and what looks like demand response (in QLD).
NSW morning price spike (14th July 2021) – out of the blue
Some brief notes about a morning price spike today in NSW (Wednesday 14th July 2021).
Spot price up in QLD and NSW, with only 1,532MW of spare capacity Monday evening 12th July
A snapshot of the start of price volatility in QLD and NSW on Monday 12th July 2021.
Looking back at a Q2 2021 period that’s been anything but boring
Now making it 5 out of the past 6 years, we return to the analysis of electricity (spot and futures) pricing patterns for Q2 periods across the NEM regions … and also in Western Australia. We see a number of ways in which Q2 2021 was ‘anything but boring’!
Availability of Black Coal units has suffered through Q2 2021
The volatility that has been with us for weeks now (particularly QLD and NSW), and the dramas unfolding at Callide power station, prompted me to have a broader look at the availability of black coal plant across QLD and NSW, and compare this to prior Q2 periods.
Evening volatility on Tuesday 15th June 2021
It was volatile this morning well past that’s become ‘normal’ and the volatility has returned (as I expected it would) this evening. Here’s the snapshot of the 17:20 dispatch interval from one of our NEMwatch v10 dashboards: As highlighted: 1) …