A quick look at how the wholesale contracts market reacted to the announced bundle of measures by the Queensland Government, aimed at reducing the cost of electricity to energy users.
A collection of articles posted about Winter 2017 in the NEM
Our guest author, Rob Davis, provides insights on how weather patterns are contributing to electricity consumption this winter - particularly in Victoria.
Some initial analysis about the remarkable pricing outcomes seen across all regions of the NEM through Q2 2016
Some brief notes about a changed pricing pattern observed in Q2 2016
Articles we write through winter 2016 about what we see happening then
Pondering more implications of the boom/bust pricing witnessed in the South Australian region last week...
A quick look at how the early winter chills are driving demand in Tasmania to levels not seen for 4 years
Coincident with the release of the RET Review, activity in the spot market provides some reminders...
After spending a day looking into the future (at prospective generation developments) I noted this reverse correlation between wind and volatility that's been occurring over the week.
Elevated prices persist this morning in Victoria, South Australia and Tasmania
Prices plunge on the day the Carbon Tax is repealed
Reduced export capability over QNI south contributed to the low prices seen last week.
Have generators already removed the carbon tax from their bids, in July 2014 - and is this the reason why we observed prices plunging on 1st July?
Demand plunges in Queensland during the day - dragging prices down with it.
With the repeal of the carbon tax looking more likely, and July 1st only just around the corner, someone asked today if we could calculate what the spot price might be without carbon.
Hopefully not an omen of what is to come tomorrow night...
Today (Wednesday 24th July) we note how the Queensland lunchtime electricity demand is stuck in the blue zone - the uptake of solar PV, and a sunny day for Clean Energy Week, would be part of the reason.
An animation of 90 minutes this morning where the price gyrated wildly in response to a trip at Yallourn, and numerous subsequent reactions by market participants and the AEMO.
A cold evening in the NEM, and yet demand can't make it past 30,000MW - which would have been quite startling 4 or 5 years ago (but not now, as demand has been declining for a number of reasons).