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?
A shorter article – thinking more about the future, prompted by one of the factors that contributed to the price volatility seen in South Australia on Friday 12th March 2021
Two initial thoughts, following EnergyAustralia’s announcement that they will close Yallourn Power Station four years earlier than initially planned (mid-2028).
Yesterday I noted what appeared to be trips of two solar farms – Gannawarra and Karadoc – within a single dispatch interval and coincident with a period of volatile prices. Also yesterday, Dylan McConnell flagged a drop in output at the brown coal plant around the same time, with some questions. With the benefit of access to yesterday’s bids, today I have a look at the 5 power stations (pending a broader review next week by guest author, Allan O’Neil).
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.