The forecast heatwave arrives in Victoria and drives demand towards what looks like being the highest (so far) this summer, and causing prices to pop.
High temperatures passing through NSW provided the opportunity for the Colongra gas-fired power station to shake off the cobwebs and have a run for the day.
A snapshot from NEM-Watch capturing the first volatility seen this summer
An animation of 90 minutes this morning where the price gyrated wildly in response to a trip at Yallourn, and numerous subsequent reactions by market participants and the AEMO.
A cold evening in the NEM, and yet demand can’t make it past 30,000MW – which would have been quite startling 4 or 5 years ago (but not now, as demand has been declining for a number of reasons).
Spot Prices in South Australia were elevated over the past 7 days – here are some reasons why.
Augurs to be an interesting day in South Australia today, with two (now three) price spikes already this morning – due in part to no supplies from coal, or from wind.
A price spike late at night in South Australia, not long after posting other comments about low surplus generation capacity.
Following some tweets from the esaa mentioning how the demand in Victoria on Tuesday 12th March was the highest seen for four years, we had a look back through our records on the day.
At 23:05 on Saturday 9th March AEMO advised that the Millmerran power station units 1 and 2 tripped simultaneously at 22:07 (58 minutes prior) – for reasons still unknown.
Here’s how we saw it unfold at real time.
Some quick notes, and images, of a price spike in TAS this morning.
A price spike close to the Market Price Cap in NSW this evening provides an spur to do some quick analysis.