How rare are simultaneous price spikes in all five NEM regions, like what we saw last night?
A short examination of some of the over-arching factors at play yesterday evening – where prices spiked above $3,000/MWh in all five regions simultaneously.
NSW
Rare NEM-wide price spikes on Monday July 29th 2024
Already this evening we’ve seen a rare occurrence of price spikes in all five NEM regions simultaneously.
Preliminary Report Released: NSW Load Shedding on 8 July 2024
A challenging sequence of events is detailed in the preliminary report on load shedding in NSW on 8 July 2024.
AEMO directs load shedding (following unplanned network outages) in NSW on Monday evening 8th July 2024
A short (perhaps initial) record of load shedding instructed for NSW on Monday evening 8th July 2024.
A bounce back: a review of Q2 2024 prices
We just witnessed another eventful Q2, with at least four drivers contributing to significant price volatility. This is our annual review of Q2 prices, where we compare these outcomes against the long-term trend.
Solar Farms in south-western NSW constrained to 0MW on Monday 24th June 2024
A quick look at the ‘N-DPWG_63_X5’ constraint set as a driver for the curtailment of solar (and other) units in south-western NSW on Monday 24th June 2024.
Potentially challenging lack of reserve conditions in NSW over 18 to 21 June 2024
Prompted by sequence of alerts about of lack of reserve market notices I delved in to the data to understand where and when using the LOR outlook for the NEM’s regions in ez2view. The alerts were configured on market notices…
What impact did the extension to Eraring have on traded prices for NSW Futures?
Reaching for the same NEMreview query we’ve used a few times in 2024 Q2, we take a look at how futures prices have traded in NSW, following the announcement of agreement to extend the service life at Eraring Power Station.
Price volatility in NSW on Monday evening 20th May 2024
A short record of some evening volatility in NSW on Monday 20th May 2024.
Softening of LOR forecasts for NSW in ST PASA and P30
Since the update Saturday morning, the Market Notices (relating to forecast LOR* in NSW on [some day]) have continued … here’s an update.
Saturday morning wrap of forecast LOR conditions in NSW
Following numerous Market Notices overnight pertaining to Forecast LOR2 (or LOR1) in NSW for a number of coming days, here’s a summary on Saturday morning 18th May 2024 using ‘Forecast Convergence’ from ez2view.
AEMO publishes MN116654 for ‘forecast LOR2’ in NSW for Sunday evening 19th May 2024
Another ‘forecast LOR2’ notice from AEMO … this time looking at Sunday evening 19th may 2024.
AEMO ‘forecast LOR2’ for Monday morning 20th May 2024 currently growing tighter
An update (via Market Notice at 11:21) on the forecast LOR2 for NSW for Monday morning 20th May 2024.
Some yo-yo action in NSW baseload electricity futures
An update on LinkedIn by an electricity retail broker (Choice Energy) prompts this update on NSW electricity futures price movements.
AEMO updates forecast for supply-demand balance on Monday morning 20th May 2024 … now forecast LOR2
Following several changes in the forecast for Monday morning 20th May 2024, the AEMO has issued a ‘forecast LOR2’ notice.
Bruce Mountain’s commentary about Eraring (and the Energy Transition) is worth a read
Today (Wed 15th May 2024) Bruce Mountain writes an opinion piece in the Australian about the recent run of Administered Pricing in NSW, and what it means for the looming closure of Eraring and the energy transition.
Administered Pricing ends in NSW from 04:05 Wednesday 15th May 2024
as expected, Administered Pricing has ended in NSW at 04:00 on Wednesday 15th May 2024
Will the rolling Cumulative Price for NSW fall back below the CPT on Tuesday evening 14th May 2024
A short (early afternoon) look at the progression of Cumulative Price in NSW, almost 7 days after the evening volatility on Tuesday 7th May 2024 started the climb to the Cumulative Price Threshold.
Spot price volatility in May 2024 in NSW flows through to ‘baseload’ futures prices
Following a conversation with one journalist yesterday, and a tweet from another journalist, here’s an updated trend of NSW ‘baseload’ futures contract prices for 12 x quarters.
Delving deeper, into gas-fired peaker performance in NSW on Tue 7th May and Wed 8th May
Looking back 4 days (including Wed 8th May 2024) at NSW gas-fired generator bidding.