Some quick notes about the volatility seen in the NEM on Friday 1st March 2019 – a hot day in Victoria and South Australia, the first day of Autumn.
Now that summer 2018-19 has passed, we can reflect on our experiences as a new entrant energy services company facilitating spot exposure for residential energy users – and hence expanding the scope for Demand Response in the NEM.
An AEMO Market Notice about “Generator Recall” for Friday’s forecast hot weather in South Australia and Victoria prompts a quick look at what’s changed in the forecast that would prompt this action.
Back at work this week and (with curiosity getting the better of me) I have another look at what happened last Thursday and Friday in the South Australian and Victorian regions of the NEM.
A first look at some of the action seen in the southern parts of the NEM on Thursday 24th January 2019 as a result of the latest crazy heatwave that has afflicted central Australia – particularly affecting electricity supply and demand in South Australia and Victoria
A short post, prior to further analysis next week, to notify readers that Reserve Trader has been dispatched today.
Some snapshots from NEMwatch recording a day where NEM-wide demand breached 33,000MW and prices spiked above $1000/MWh in VIC and SA
The first day of scorching summer temperatures for the year has been matched with elevated electricity prices in New South Wales, Victoria and South Australia for most of the day. …
Following AEMO’s warnings issued yesterday about possible extreme heat next week in Adelaide, Melbourne and Sydney, I take more of a look at what might transpire and compare it to historical correlations between cities.
Two quick snapshots of a high priced day in Victoria and South Australia – with the price jumping above $12,000/MWh at 15:50
Based on a tip from a savvy WattClarity reader, we have a quick look at what turned out to be the lowest-ever (normal) instance of Scheduled Demand on a dispatch target basis in the South Australian region of the NEM.
A detailed look at two specific trading periods in the day (Tuesday 24th July 2018) that saw negative dispatch prices occur at the start of trading periods – hence provided a case study for how existing Semi-Scheduled plant respond (especially in combination with transmission constraints and the Semi-Dispatch Cap).
The multi-region islanding event on Saturday 25th August was a very rare event – perhaps the only one’s that occurred in the history of the NEM. It has generated plenty of questions – and driven our analysis further. We share some more observations here, and keenly await the draft AEMO report.
Following on from Saturday’s islanding event, we use our current interest in AEMO’s 4-second SCADA data to prove a little more…
Both the QNI and the Heywood interconnectors tripped around the same time on Saturday 25th August 2018 (not apparent at this time which one was first, and why), leading to both QLD and SA regions being separately islanded from the rest of the mainland NEM. This also contributed to over 1,000MW of load shedding in NSW and VIC, and presumably some frequency excursions in QLD and SA.
A brief follow on from yesterday’s post, with the advantage of being able to review yesterday’s bids (and rebids) today.
The past week, with wind farm output blowing gangbusters in South Australia (coupled with low demand and System Strength requirements) we seen the “Wind Correlation Penalty” start to bite, with some reactions also beginning to show.
One of our guest authors, Allan O’Neil, takes a closer look at what happened in the South Australian region of the NEM on Monday 9th July 2018
Some brief analysis of today’s price volatility seen in the South Australian region of the NEM
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.