GenInsights Quarterly Updates (2022 Q3)

On Monday 31st October 2022 we released GenInsights Quarterly Update for Q3 2022:

This is a 204-page report (supplied to subscribers as an integrated PDF) at the following address:

https://downloads.wattclarity.com.au/#/

The report contains:

(1)  An Executive Summary including 6 Key Observations; and

(2)  Seven appendices which each explore different aspects of the energy transition through the detailed analysis of historical data.

These 8 components are explained more below:

. About this Component
Executive Summary

12 pages

The Executive Summary includes 6 x Key Observations that have been gleaned from what has been observed through the evolution of Q3 2022.  These Key Observations follow in the vein of:

1)   the 22 x Key Observations included in GenInsights21, and

2)  the 14 x Key Themes in the earlier GRC2018.

Appendix 1

30 pages

NEM Heartbeat

In this appendix we take a look at a number of different ‘heartbeat’ metrics that help to identify the overall health of the NEM, including:

1)  Weather factors (like temperature)

2)  Prices

3)  System inertia

4)  Frequency Performance

5)  Instantaneous Reserve Plant Margin (IRPM) … new for this Q3 update

——-

Note that one small snippet of the content of this Appendix was shared with WattClarity readers on 6th November 2022 in the article ‘Long-range trend of Instantaneous Reserve Plant Margin (IRPM) and focus on Q3 2022 – from GenInsights Quarterly’.

——-

… and others.

Appendix 2

15 pages

The changing shape of Grid Demand

In this appendix we take a look at the changing nature of Grid Demand, which necessitates looking into:

1)  Grid Demand

2)  Rooftop PV

3)  Underlying Demand

… and also Market Demand.

Appendix 3

43 pages

Wind and Large Solar

In this appendix we take a look at different aspects of the performance of Wind and Large Solar assets (separately and together), including:

1)  Production

2)  Commercial Performance

3)  Curtailment

4)  Self-Forecasting

5)  ‘Forecast Convergence‘ for VRE Capability

6)  Aggregate Raw Off-Target

… and more.

Appendix 4

26 pages

Dispatchable Capacity

In this appendix we take a look at different aspects of the performance of (fully) Scheduled assets (at various levels of bundling), including:

1)  Performance specifically through Q3

2)  Aggregate Scheduled Target (AggSchedTarget):

(a)  In absolute terms

(b)  Ramping from one Dispatch Interval to the next

3) ‘Forecast Convergence‘ for AggSchedTarget

Appendix 5

31 pages

Coal Units

The 47 x coal units still operational in the NEM in this quarter are a special subset of dispatchable plant that have been addressed in more detail in this particular Appendix – because:
1)  They still provide a large share of the Energy consumed in the NEM (and also the ‘Keeping the Lights on Services’);
2)  But suffer from the big drawback of high emissions intensity.

What this contains includes:

1)  Performance specifically through Q3

2)  Changing levels of Unavailability

3)  Three different metrics that help to indicate the changing rate of ‘Sudden Failure’

4)  Categorisation of Outages through Q3 into Planned and Forced

5)  ‘Forecast Convergence‘ for Aggregate Coal Unit Availability across the 47 units operational in this quarter.

Appendix 6

22 pages

Network Dynamics

In this Appendix, we look at:

1)  Inter-regional interconnectors (flow and congestion, etc)

2)  Marginal Loss Factors.

… and in future Editions will add in other aspects.

Appendix 7

19 pages

One year on from Five Minute Settlement

Five Minute Settlement commenced on 1st October 2021 (i.e. twelve months before the end of Q3 2022), so it was a nice milestone from which to look back on the 12 months that has elapsed to see what was visible in the data, in terms of how the NEM has evolved.

Note that one small snippet of the content in this Appendix was shared with WattClarity readers on 17th November 2022 in the article ‘(belatedly) one year on from Five Minute Settlement’.

 

Please contact us if you have more questions on the above, and please complete this order form and return to us to secure your order, remembering to flag which option you prefer:

Option 1 = Document only (as integrated PDF); or

Option 2 = Document + Executive Briefing (subject to availability).

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