Spot price volatility on Sunday 11th July 2021 – straight out of Angela Macdonald-Smith’s article!
Straight out of the pages of the FinReview and into spot price outcomes in the NEM on Sunday 11th July 2021!
Energy Transition
A large collection of articles pertaining to the ongoing ‘Energy Transition’ in any of a number of ways.
Specific sub-categories relate to such things as Coal Closure, and other aspects of the transition.
AEMO rule change proposal – replacement of ST PASA process, and data set
Last week, the AEMO submitted a rule change request to the AEMC for a redevelopment of the ST PASA process (and data sets published - to facilitate what would be a great increase in...
End of the road looming – for Liddell, and also AGL’s Torrens B … and another day delay for Callide C3!
More changes to retirement schedules in the market prompt me to power up the 'MT PASA DUID Availability' widget in ez2view once again...
Is the predictability of day-ahead demand improving?
Day-ahead demand forecasts will be integral to any future 'Ahead Market'. We take a look at the current state and accuracy trend of demand forecasts made 24 hours ahead as part of the broader...
Villain #8 – the ‘Invisible Man’
A few recent developments have prompted this article about Villain no8, a villain initially contemplated prior to my 'forecast of sorts' back at Clean Energy Summit in July 2017.
Potential Tripwire #3 When is a load not a load?
A feature of the upcoming EMMS technical specification that distinguishes demand response units from scheduled loads could impact some users of NEM data, if left unmanaged.
Potential Tripwire #1 = the ‘invisible’ 5-minute Trading Periods?!
In this article we discuss the 1st of 3 Potential Tripwires that wholesale market participants and others will encounter from October 2021 ... with Tripwire #1 coming from the implementation of Five Minute Settlement.
Ranking wind farm performance and FCAS costs in the NEM in 2020
Which wind farms performed best in 2020? Marcelle extracts data from the GSD2020 to compare spot (and LGC) revenue, and FCAS cost performance, across wind farms in the NEM.
FCAS goes from fast to very fast
Just under 3 weeks ago (on 22nd April 2021) the AEMC published a draft determination that would establish 'Fast Frequency Response' as an additional (i.e. 9th and 10th) FCAS service in the NEM. We...
Liddell unit 3 to close in 11 months time … on 1st April 2022?
Saw an update from the AER this evening pertaining to Liddell unit 3, and had a quick look with the power of the Generator Statistical Digest 2020.
Mothballing logic, and reason?
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?
ESB releases Options Paper on post 2025 market design … is it a ‘NEM 2.0’ design to get us beyond 2040?
A quick note to alert our readers that the ESB has published an Options Paper today on the post 2025 Market Design (with submissions due Wed 9th June 2021).
The ‘Virtual Storage Product’ as a game-changing energy deal
Caroline Wykamp and Hydro Tasmania's wholesale team discuss the new 'virtual storage’ electricity swap contract that they have recently brokered with Renewable Energy Hub.
Ranking solar farm FCAS costs in the NEM in 2020
Following recent articles on spot market revenue earned by solar farms in the NEM in 2020, Marcelle takes a look at their FCAS costs.
Will your 10 out of 10 baseline be eligible?
A threshold for accuracy and threshold for bias has been set to evaluate whether a load’s baseline methodology is acceptable for the Wholesale Demand Response mechanism. Just prior to the publication of the Wholesale...
Solar Returns – ain’t what they used to be?
Guest author on WattClarity (but co-author of the Generator Statistical Digest 2020) uses the GSD2020 and numbers for preceding years to look at how some of the older solar farms are seeing some changes...
Large-scale solar farm revenue in 2020 part 2 – considering LGCs
Marcelle extends last week's comparison of solar farm energy spot market revenue in 2020 by adding in an estimate of the LGC (green certificate) revenue.
Some of the early references and feedback we’ve received about the GSD2020
Valued team member, Daniel Lee, reviews some of the early references to, and compliments for, the Generator Statistical Digest 2020 - which was released about 7 weeks ago.
A Comparison of Large-Scale Solar Farm Revenue in 2020
Which solar farms performed best in 2020? Marcelle compares spot revenue performance across the NEM.
Down 55% – but not out
Over 2,000 MW – or around 55% – of South Australia’s firm supply capacity was unavailable last Friday evening (March 12, 2021), along with virtually all of its large-scale renewable supply (a further 1,800...