summer

A hot day in SA yesterday, and prices soared!

Just as had been forecast, Tuesday 13th January 2009 saw hot, dry weather roll in across South Australia, and then into Victoria. The high temperatures caused demand to climb, but not to the level at which NEMMCO had forecast demand to climb over the summer period. As a result we saw the price in SA jump to a level near VOLL at 13:40, and remain there until about 18:00 (i.e. more than 4 hours).


January in the NEM (a review of 10 years of history)

One of 12 articles on the months past in the NEM. For January we revisit events such as the fires at Moomba in 2004 (which curtailed gas supplies from central Australia); and the blackout on 16th January 2007 which drove the price to VOLL in Victoria.











Cost of congestion to energy users

For the EUAA’s Members Meeting (held in Brisbane on 24th April 2008), our Managing Director was invited to provide of a précis of the presentation he previously provided at the “QLD Energy” conference (on 12th March 2008).

In particular, comments made by Paul with respect to the proposed upgrade to QNI – which was topical at the time of the conference, given that Powerlink and TransGrid had released their analysis of several upgrade options in the same week as the conference.

As a result of the presentation, Duncan Hughes wrote an article about the potential cost to energy users of the upgrade, and published this in the Australian Financial Review on 13th March 2008.

Given the magnitude of the numbers reported, this issue has proved to be of significant issue to large energy users – hence the invitation to present at the Member’s Meeting.


Summer 2006-2007 – Miscellaneous Articles

Over the period of summer 2006-07, we prepared a number of articles about other occasions of note in the NEM (in addition to the blackout of 16th January 2007, which has been written about separately).


Analysis of price volatility in the QLD region over summer 2007-08

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 discussion during the conference, we focused our analysis solely on Queensland region (to make the topic more manageable).
In our review of volatility in the Queensland region, we focused specifically on 3 core attributes of the market: Queensland dispatch prices; NEM-Wide Instantaneous Reserve Plant Margin; and the concept of “Economic Islands”.



Summer 2007-2008 – how did it impact on the NEM?

Summer 2007-08 was really a story of two different summers, with very mild temperatures experienced in the north (resulting in low levels of demand) but with sweltering temperatures in the south (and huge demand as a result). This does not…





11th January 2007 – first spike in demand above 30,000MW

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 occasion, the spot price spiked above $1000/MWh in Queensland, NSW, Snowy and Victoria,