Temperatures drive demand, and volatility, in Victoria and South Australia Monday 18th February
The price spiked yesterday (Monday 18th February) in South Australia and Victoria – here’s an overview of what happened.
Victoria
A stinker today in the south – but demand barely wakes from the holiday slumber (and yet prices explode!)
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
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Following the weather warning, what’s the demand outlook in the south?
With a severe weather warning issued for much of Australia (with Sydney and Brisbane almost being the only exceptions) and lasting several days, it’s timely to look at what AEMO is forecasting demand to be in the week ahead.
Prices see-saw across the (mainland) NEM today
An interesting day in the NEM today, with prices gyrating across a wide spectrum, and across all four mainland regions – on the back of higher demand in Victoria and South Australia due to temperatures there, and supported by transmission issues and other factors.
Prices soar as the south-east sizzles – with summer arriving early
Some quick observations about the price spikes observed yesterday on the back of high temperature-driven demand in Victoria.
Yallourn is limping back into service
Following some questions yesterday (from clients and others) we take a quick look at how Yallourn Power Station is progressing in coming back from outage caused by inundation from the nearby river.
A very volatile day in VIC and SA (not particularly due to the Carbon Tax)
Some quick notes today, on day #2 of the Carbon Tax, prompted by some prices that jumped all around the place (not so much due to carbon, though).
A hot Saturday could have driven demand higher – but how much?
A quick look at the demand levels on Saturday 25th driven by hot weather in VIC and SA. What would have happened had this been on a weekday?
Hot in VIC and SA – but demand not climbing past the green zone
High temperatures in Victoria and South Australia – but demand is still well down on the all-time records for those regions.
Price spikes in SA and VIC on 21st April
Just after midday today (Wednesday 21st April) South Australia and Victoria experienced some high spot prices. Here’s a quick post to highlight what happened.
Playback of high prices in SA and VIC
Prices in South Australia and Victoria have been high this afternoon, jumping up over $2000 in both states at 3pm NEM-time today.
Heatwave ramps up in southern Australia, dragging prices higher
Some notes about the heatwave in SA and VIC, and what it means for the NEM
Temperature Spikes drive Demand higher this week
Some quick notes on what’s happened in the NEM today (17th) and yesterday (16th)
High temperatures force demand high, NEM-Wide (and prices follow)
A few brief notes about a hot day across the mainland, with demand levels high in each of the 4 mainland regions
Prices spike in South Australia today
Some quick notes about another price spike today in the South Australian region of Australia’s National Electricity Market
Massive Demand, Huge Prices, Load Shedding and the Cumulative Price Threshold (and lessons learnt?)
Wednesday 28th January saw demand across the NEM jump to unprecedented levels, setting a new record of 34,843MW at 16:00 NEM time. On Thursday 29th January, we saw the demand increase still further, leading to prices that stayed high for much of the day (to the point where the Cumulative Price Threshold was reached in VIC and SA and price caps were imposed), and a relatively small amount of involuntary load shedding occurring in VIC and SA.
New record all-time NEM-wide demand (and for VIC and SA) today!
The day is not over yet, but we thought you would be interested in the attached snapshot highlighting the first of the occasions on the day when prices jumped to VOLL in SA and VIC as a result of searing temperatures stopping the tennis, and melting VIC and SA into new demand records for each region.
NEMMCO Report: Unplanned Outages of HWTS-LYPS line on 23 July 2008
On 13th November, NEMMCO released the final version of its report into the Power System Incident “Unplanned Outages of HWTS-LYPS line on 23 July 2008”
Links to external reports relating to the blackout
Following from the blackout, several government bodies, and industry organisations completed reviews of the events leading up to the blackout. For completeness, these reports (at least, those we are aware of) have been listed in this article.
Our review of the heat wave in South Australia
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian generators that the Cumulative Price Threshold was reached in South Australia and, under NEM Rules, an Administered Price Cap was applied for a period of time.