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).
QLD
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.
Price volatility in the QLD region on Saturday 3rd July 2021
A rainy Saturday morning reminds us the price volatility for Q2 in QLD has not totally gone away … with elevated prices for ENERGY and also Contingency FCAS (Raise 6 second and Raise 60 second).
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) …
More persistent spot price volatility in the QLD region on Tuesday morning, 15th June 2021
Morning spot price volatility in the QLD region persists further into the morning (Tue 15th June) than has become expected.
Evening volatility continues into Thursday 10th June 2021
A short article noting volatility rolls into Thursday evening, 10th June 2021
Demand, and prices, up in NSW and QLD on Wednesday 9th June 2021 … and low IRPM
A short note about the first of the volatility on Wednesday 9th June 2021.
Spot market volatility report – Thursday 3rd June 2021 (as at 17:54)
Evening spot price volatility has become a regular thing – here’s some of it for Thursday 3rd June 2021
And so the daily solar bedtime story continues … on Wednesday 2nd June 2021 (with 4 x Callide units off, etc…)
Only two dispatch intervals (thus far?) of extreme pricing tonight for QLD and NSW (Wed 2nd June 2021). Here’s the first one…
AEMO releases Preliminary Report: Trip of multiple generators and lines in Queensland and associated under-frequency load shedding on 25 May 2021
The AEMO has released its 22-page Preliminary Report into the Callide C4 Catastrophe and the subsequent events.
Price Volatility (now a regular evening event for QLD and NSW) on Tuesday 1st June kicked along by Darling Downs outage.
A number of things happened late today – with the trip of DDPS1 (only declare credible contingency earlier in the day) giving more impetus to spot price volatility in the QLD and NSW regions already facing tight supply/demand following the Callide catastrophe and LOR1 in NSW.
Hold onto your hats … QLD’s supply demand balance forecast to be very tight in the hours ahead … Tue 25th May 2021 (Part 2)
Looks set to be a very tight supply/demand balance this evening in Queensland. Here’s hoping everything goes right for the AEMO Control Room!
Prices skyrocket across all 4 mainland regions on Wednesday 12th May
Spot prices spiked across mainland regions this evening – firstly at 17:55 (above $1,000/MWh). and then at 18:00 (up towards $15,000/MWh). Here’s a first look.
A quick review of the price spike in QLD at 14:35 on Friday 9th April 2021
Reminded by today’s spikes, here’s a quick look at a similar price spike that occurred yesterday (14:35 on Friday 9th April 2021 in the QLD region).
High temperatures drive QLD Scheduled Demand to 9,476MW (highest this summer, so far)
Monday 22nd February 2021 saw QLD Scheduled Demand rise higher than it has on any other day so far this summer … 576MW below the all-time maximum.
The accelerating rise of Negative Prices in the NEM
A longer-term trend of the incidence of negative prices across each region of the NEM … and, most interestingly, the pattern by time of day.
Average spot prices through 2020 down at levels not seen for many years
Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
Sunday 24th Jan 2021 – a couple discrete incidents
It was forecast it would be a hot day in the southern part of the NEM and it did not disappoint. The hot weather was one of the factors that contributed to price spikes … in Regulation FCAS, and then in QLD and later in South Australia.