Media buzz about compensation for Gladstone Power Station under the coal price cap
Two media articles (in the Guardian and the Australian) prompt a quick article, utilising an in-development copy of the up-coming GSD2022.
Read More2022 – June – QLD (12th) and NSW, SA and VIC (13th) hit Cumulative Price Cap
On Sunday evening, 12th June 2022 the Queensland Region (after threatening for some weeks) exceeded the Cumulative Price Threshold and Administered Pricing was imposed.
In just under 24 hours, the NSW region followed QLD to the CPT and hence Administered Pricing.
Before midnight ending Monday 13th June 2022 both SA and then VIC had joined the other two.
Here’s a collation of articles written pertaining to this.
AER releases ‘June 2022 market events report’
Today (Thu 15th Dec 2022) the AER released its ‘June 2022: Market events investigation report’, which might be widely read.
*Was* solar production disappointingly low through (parts of) Q2 2022 … and, if so, why?
It’s taken longer than expected – but today I’ve posted this article that goes some way to answering the question ‘to what extent was solar production disappointing through periods of Q2 2022?’
AER identifies (at least) 9 discrete factors contributing to the extreme price outcomes (and other concerns) through Q2 2022
With the AER having released its ‘Wholesale Markets Quarterly’ for Q2 2022 yesterday, I skimmed and saw 9 discrete factors flagged … each of which contributed to the extreme (price and scarcity) outcomes seen through Q2 2022.
Australian Energy Council publishes article about the Market Suspension in June 2022
… flagging (for WattClarity readers and subscribers) a useful contribution from Ben Skinner at the AEC to explore and explain some aspects of the June 2022 Market Suspension and surrounding factors.
AEMO releases report on Market Suspension during June 2022
On Thursday 18th August 2022 the AEMO has released its report into the Market Suspension during June 2022. Will make for interesting reading …
AEMO released Compensation Update for June 2022 events
A short note flagging AEMO’s publication (dated 15th August 2022) about compensation payments for the June 2022 events.
AEMO QED highlights (at least) Eight Factors contributing to extreme price outcomes in Q2 2022
On Friday morning 29th July 2022 the AEMO is releasing its ‘Quarterly Energy Dynamics’ for Q2 2022 – I’ve flipped through an embargoed copy and have highlighted here eight different factors flagged by AEMO that have each contributed to the extreme price outcomes seen through Q2 2022. There are probably others noted as well….
File creation times for P5MIN drop, prior to the end of the Market Suspension
Now that we’re past Market Suspension, we take a look back and see file creation latency improve prior to the end of Market Suspension.
AEMC published update on Compensation Claims under APC
On 4th July the AEMC published their second ‘Notice of Receipt of Claims’ with respect to compensation under the Administered Pricing period in June 2022.
Two alternate theories of why capacity was withdrawn
Second (linked) article this evening, spelling out the two theories we’re aware of with respect to why some participants might have withdrawn capacity from the NEMDE dispatch/pricing run in June 2022 – leading to the AEMO Suspending the Market.
Quick review of bids – looking back 16 days over APC and Market Suspension
With Market Suspension (just) behind us, in this weekend article we take a look over the past 16 days to see how volumes offered to the market from the two types of plant have varied … and the prices they are offered at. The question is asked … why did those DUIDs withdraw capacity from the NEMDE dispatch and pricing run?
Eighteen month trend of daily average spot prices highlights extreme volatility in Q2 2022
The unsuspension of the market is a useful time to reflect on ‘how we got here’ … starting with this 18-month trend of daily average spot prices.
AEMO estimates RERT payments on Tue 14th, Wed 15th and Fri 17th June 2022
A brief synopsis of the costs AEMO estimates it paid for Reserve Trader in the recent period around Market Suspension.
Administered Pricing ended at 04:00 on Thursday 23rd June 2022 (and an FCAS price glitch)
A short note about the end of the Administered Pricing Period (for now?) from 04:05 on Thursday 23rd June 2022.
(Somewhat artificially) low NEM-wide IRPM on Wednesday evening 22nd June … looking forward to possible easing of Suspension on Friday morning
A quick look at the NEM on Wednesday evening, with thoughts to the near future.
AEMO MN98805 continues Market Suspension (possibly only till Friday 04:05), but with different prices on a path out
This morning AEMO published Market Notice 98805 confirming continuation of Market Suspension from 04:05 Thursday 23rd June until further notice.
Climbing out of Market Suspension
A short article to follow on from an AEMO announcement at 16:30 today about a possible pathway out of Market Suspension
Increased visibility of LOR3 forecasts
An update on our thinking about LOR forecasts, under these ‘far from normal’ current market conditions.
RERT dispatched through Friday night in NSW
On Friday evening AEMO dispatched Reserve Trader for a long period of time.