Two media articles (in the Guardian and the Australian) prompt a quick article, utilising an in-development copy of the up-coming GSD2022.Read More
2022 – 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.
Today (Thu 15th Dec 2022) the AER released its ‘June 2022: Market events investigation report’, which might be widely read.
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?’
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.
… 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.
On Thursday 18th August 2022 the AEMO has released its report into the Market Suspension during June 2022. Will make for interesting reading …
A short note flagging AEMO’s publication (dated 15th August 2022) about compensation payments for the June 2022 events.
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….
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.
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.
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article this evening, spelling out the two theories we’re aware of with respect to why some participants might have withdrawn capacity from the NEMDE dispatch/pricing run in June 2022 – leading to the AEMO Suspending the Market.
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?
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.
A brief synopsis of the costs AEMO estimates it paid for Reserve Trader in the recent period around Market Suspension.
A short note about the end of the Administered Pricing Period (for now?) from 04:05 on Thursday 23rd June 2022.
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.
A short article to follow on from an AEMO announcement at 16:30 today about a possible pathway out of Market Suspension
An update on our thinking about LOR forecasts, under these ‘far from normal’ current market conditions.
On Friday evening AEMO dispatched Reserve Trader for a long period of time.