Elevated prices in SA on 4th June 2024
A brief run of high energy prices in SA on 4th June 2024 was observed in the evening. Energy prices as projected in the predispatch runs from earlier in the day had threatened to reach above $15000 but as time…
price volatility
Price volatility in NSW on Monday evening 20th May 2024
A short record of some evening volatility in NSW on Monday 20th May 2024.
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.
Thar she blows! NSW hits the CPT and enters Administered Pricing (until Wed 15th May at least) … I think for only the 2nd time ever?
At 19:55 (NEM time) on Wednesday 8th May 2024, the NSW region commenced Administered Pricing for ENERGY and 10 x FCAS commodities, following a rapid spell of spot price volatility.
Over 3 hours of price volatility in NSW on Wednesday evening 8th May 2024 … with Cumulative Price rapidly closing in on CPT
Blasting past 3 hours this afternoon/evening (and still counting), the run of spot price volatility in NSW drives the Cumulative Price up towards the CPT. Will it break the cap this evening, or tomorrow?
NSW price volatility continues into Wednesday afternoon 8th May 2024
Price volatility has continued in NSW this afternoon, starting at around 3:40pm local time.
~80 minute run on spot price volatility in NSW on Tuesday 7th May 2024
A second article providing some more detail on the spot price volatility in NSW on Tuesday evening 7th May 2024
Updated trend of ‘ENERGY’ bids in red, green and blue
Last Tuesday 23rd April 2024 I spoke with an audience organised by BofA Securities with respect to ‘Risk, Uncertainty and Volatility in the energy transition’. Here’s one illustration of why the spread of spot prices in the NEM has been increasing in recent years.
Summer reflections
Guest author, Carl Daley from EnergyByte, provides this summary of summer 2024 – covering price volatility, consolidation of the twin peaks dynamic, and BESS performance.
Spot price volatility in South Australia on Monday 11th March 2024
A short record of the start of some price volatility in South Australia on Monday 11th March 2024.
Elevated prices (and demand) in VIC and SA on Sunday evening 10th March 2024
A short record of evening volatility in VIC and SA during the heatwave on Sunday 10th March 2024.
Spot price volatility in TAS on Sat 2nd March 2024
A short record of some afternoon volatility in TAS on Saturday 2nd March 2024.
Curtailment of Large Solar in NSW on Thursday afternoon 29th Feb 2024 exacerbated the price volatility
A quick look back at Thu 29th Feb 2024 – a day where afternoon (congestion-based) curtailment of Large Solar in NSW exacerbated the tight supply-demand balance and spot price volatility.
Evening volatility in South Australia on Tue 27th Feb 2024 + bushfire risk
A short article, recording the start of evening volatility in South Australia … and the coincident bushfire risk.
Volatility in QLD and NSW on Monday 26th February 2024
A short record of evening volatility in Queensland and NSW on Monday 26th February 2024.
Yo-yo prices in QLD and NSW on Friday evening 23rd February 2024
It’s Friday evening 23rd Feb 2024 and spot prices are bouncing around like crazy.
Afternoon spot price volatility on a hot day in VIC and TAS … and bushfire limitations
A hot afternoon in VIC and TAS, with bushfires in both states, is driving volatility on Thursday 22nd February 2024
Evening volatility in South Australia on Wednesday 21st February 2024
A quick record of some evening volatility in South Australia on Wednesday evening 21st February 2024
A burst of spot price volatility in QLD and NSW on Tuesday 20th February 2024
A short article using NEMwatch to record the start of spot price volatility in QLD and NSW at 17;55 on Tuesday 20th February 2024.
Evening volatility in QLD and NSW on Monday 29th January 2024
A quick note about volatility in QLD and NSW on Monday evening 29th January 2024