An initial review of some (wholesale) supply-side factors contributing to the extreme price volatility (and Reserve Trader etc) that occurred in the first week of February 2022 in the QLD region of the NEM.
Tarong power station
Adding into the tight supply-demand dynamic, the coal-fired unit Tarong unit 2 tripped this afternoon.
It’s now seven months since the SCADA outage on Sunday 24th January 2021 – and we’re finally able to complete and publish this (quite long) article exploring some of the implications for units on the LHS of the ‘Q>>NIL_CLWU_RGLC’ constraint equation
Recent events in the NEM are causing me to wonder whether we’ve suspended logic, and reason, in charting a workable course through this energy transition?
Guest author, Nick Bartels, compares calendar year results from GSD2020 to those in the earlier GSD2019 to explore how some thermal units in QLD and SA are changing operating patterns as part of the energy transition