With completion of GenInsights Quarterly Update for Q1 2023 approaching, and following some conversations recently (and probably this week at EUAA Conference) here are two charts looking backwards just at fully dispatchable plant that highlight one of the ways in which ‘the level of risk in the NEM is escalating’.
Service 2 (Keeping the Lights on Services)
Drawing from GenInsights Quarterly Update for Q4 2022, and the next version of our ez2view software, we take a look at the *current* expectations for closure of Liddell Power Station (within weeks) and Eraring Power Station (in 2025). A segue into this week’s update to the ESOO, perhaps?
Following the published note of scepticism/concern about the energy transition from several industry CEOs in the AFR on Friday, we take a quick look at the replacement capacity needs just for Loy Yang A power station to illustrate the enormous scale of the challenge.
Wednesday 8th June 2022 saw bust-boom-bust supply-demand balance, with yo-yo pricing resulting. Very topical, given discussions in various parts about a capacity market.
Sunday 15th August saw lowest level of Operational Demand in the NEM for a winter period, NEM-wide. This also led to a number of other outcomes (including higher renewable penetration, negative prices, … and chatter on social media).
A back-dated article looking back at Daniel Westerman’s keynote address at CEDA on 14th July 2021.
A couple glimmers of hope spotted recently, that there might be some (belated) awareness that the current methods of support for ‘anytime/anywhere energy’ are not scalable, or sustainable.
Some brief initial thoughts, following the release of two discussion papers by the COAG Energy Council – the first on two-sided markets, and the second seeming to cover two different challenges (forward markets, and ‘Keeping the Lights on Services’).
Last week saw more in a growing series of exits, and asset write-downs, amongst new entrants in the supply of renewable energy within the NEM. Today on WattClarity I ponder whether we have been setting them up to fail due to the nature of support provided to these new entrants. What is your perspective?
Using the (hot off the press) Generator Statistical Digest 2019, we take a look across all 304 DUIDs to see how they performed through calendar 2019 in terms of large excesses in ‘Raw Off-Target’ in both directions. These results suggests implications for the future…
The run of prices at $0/MWh and below is continuing in Queensland region this week as we pass into spring (many dispatch intervals today down as low as the Market Price Floor at -$1,000/MWh). This begs a few questions…
In terms of diversity of intermittent supplies, we need to understand that we’re not just comparing data series on a scale that runs from “highly correlated” to “random”…
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