Guest author, Josh Stabler of Energy Edge, provides a look into the ‘contagion of scarcity’ events impacting the market since mid-May 2021.Read More
2021 – Q2 – a very volatile quarter
A collection of the main articles written (through Q2 2021 and afterwards) exploring what was a very volatile quarter.
Only ~11 weeks after the end of Q2 2021 we’re still exploring details of the extreme price outcomes. Here’s some of the ways in which solar PV played a significant role in the price outcomes delivered.
Carl Daley of EnergyByte, examines recent energy and gas price volatility, leading to the conclusion that the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.
Low wind production (inside NSW+QLD) was one other factor contributing to price volatility in Q2 2021
As Q2 2021 unfolded, it seemed that there were many instances where prices spiked during evening demand peaks – and that wind output was low at the time. So I took a closer statistical look…
A list of (some of) the factors contributing to the volatile price outcomes seen in Q2 2021 – particularly QLD and NSW
Prompted by last Friday’s publication of the AER’s ‘Wholesale Markets Quarterly’ for Q2 2021, here’s a tabulated summary of some of the contributing factors of spot price volatility (and hence high average prices) for the quarter – particularly for QLD and NSW.
Now making it 5 out of the past 6 years, we return to the analysis of electricity (spot and futures) pricing patterns for Q2 periods across the NEM regions … and also in Western Australia. We see a number of ways in which Q2 2021 was ‘anything but boring’!
For a second portion of Q2 “elephant eating”, I’ll look in some detail at the dynamics of an early instance of spot price volatility in Queensland, because many drivers turn…
An old adage runs that to eat an elephant, it’s best to proceed in small servings. With a very eventful Q2 in the NEM not yet finished, the number of…