Our Managing Director spoke at the "Australian Energy & Utility Summit 08" in Sydney on Tuesday 22nd July 2008, touching on issues including the extremes of price volatility that were experienced over winter 2007.
Following from an alert to the situation provided by NEM-Watch, Duncan Hughes published an article "Power Price Jump in Eye of the Storm" that mentioned the extremely low levels of NEM-Wide Instantaneous Reserve Plant...
Our Managing Director was asked to speak at the "Queensland Energy" conference in Brisbane on Wednesday 12th March - specifically addressing the topic of price volatility in the NEM. To provide the basis of...
In Queensland we experienced one of the mildest summers I can remember. As a result of this, demand levels were subdued for most of summer. However, for a couple of days in late February,...
Following from the interest generated in the article published in the AFR, we completed some analysis of the trend in IRPM over the history of the NEM up until June 2007. The results of...
For two remarkable winter evenings in 2007 (19th and 20th June specifically) NEM-Wide Instantaneous Reserve Plant Margin (IRPM) plunged to the lowest levels ever seen in the NEM (a mere 7.6%) as generators were...
There was a temperature-driven spike in demand across the NEM later in the week beginning Sunday 7th January - culminating in the summer's first demand peak above 30,000MW (on Thursday 11th January). On this...
There was a temperature-driven spike in demand in South Australia on Friday 8th December 2006. However, demand also spiked on other days in the week, and on those occasions did not lead to the...
For several days in early December, temperatures reaching 40 degrees in Queensland and New South Wales cause airconditioning load (and hence total demand) to soar in both regions. The high demands resulted in very...
From the start of the NEM through until 2001, the NEM was typified by a pricing dichotomy with sustained rock-bottom pricing in NSW, Snowy and Victoria and high and volatile pricing in the extremities...
There was a high level in demand in Victoria on Thursday 26th January 2006. This was especially remarkable, considering that it was an Australia Day public holiday - when commercial (though not industrial or...
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland - but the price spikes did not transfer...
Demand in Victoria peaked again, bringing with it high prices in Victoria and (to a lesser extent) South Australia. Indeed, the demand experienced in Victoria (on Friday 24th February) exceeded the previous high level...
Based on forecasts NEMMCO had been providing through their PASA process, we expected that it might prove that this week would deliver huge demand levels, and high prices. Not to disappoint, the market did...
Summer 2005-06 saw Australians sweltering in temperatures 40 degrees and above. In the National Electricity Market, this led to new peaks in demand and (given the tight supply/demand balance) delivered high (and volatile) spot...
The week started with commotion in Queensland, when the VOLL price ceiling was reached. Further analysis revealed that this was due to transmission system events and the trip of several generation units within Queensland.