Wafer thin margin Friday evening, NEM-wide [caveat = based on generation bid available for NEMDE pricing/dispatch]
A quick snapshot for NEM-wide Instantaneous Reserve Plant Margin down at 3% at 23:45 on Friday evening 17th June 2022.
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.
Stepping to suspension
With all regions of the NEM having been suspended by AEMO on Wednesday 15th June 2022, guest author Allan O’Neil takes an initial look at what’s visible in terms of operations in the NEM.
AEMC notice ‘Eligible participants have [until Wednesday 22nd June] to notify the AEMC of their intent to claim compensation’
An updated today from the AEMC about the compensation claims process under APC is worth sharing with Participants who read WattClarity.
Trended bidding from BESS discharge (NEM-wide) … highlighting APC and Market Suspension
Someone asked me a question on social media this morning about batteries ‘withdrawing capacity’ … here’s a view of what’s happened using ez2view (and as presented to EUAA).
Three coal units have returned … with another one the way
Following Tuesday’s article about 7 coal units due for return to service soon, 3 are back and 1 more on the way.
ASX issues response to AEMO announcement of Market Suspension
Following yesterday’s announcement of Market Suspension by the AEMO, ASX issued this response … but I’ve only had time to copy this in now: ASX Electricity Futures and Options – Response to AEMO announcement Notice reference number: 0649.22.06 Date published: 15/06/22 Effective…
ez2view ‘NEM Prices’ widget showing market prices under Market Suspension
A snapshot from the ez2view ‘NEM Prices’ widget recording a (thankfully, and hopefully short-lived) event.
Two articles on LinkedIn that might be useful reading contrasting the two different Compensation Processes (i.e. AEMO Directions and AEMC APC)
Despite it being overtaken by today’s Market Suspension, with its own compensation arrangements – still might be useful for readers to be aware of these two sources of discussion about the two different sources of compensation that seemed to be at play for a few days under Administered Price Caps (APC) following Cumulative Price Threshold (CPT) being reached.
RERT dispatched in QLD – at 18:00 on Wednesday 15th June 2022
RERT (Reserve Trader) dispatched in QLD.
RERT dispatched in NSW – at 17:30 on Wednesday 15th June 2022
RERT (Reserve Trader) dispatched in NSW.
AEMO publishes ‘Declaration of Market Suspension’
AEMO has determined that it is necessary to suspend the spot market in all regions under NER clause 3.14.3(s)3) because it has become impossible to operate the spot market in accordance with the provisions of the Rules.
RERT (Reserve Trader) dispatched in NSW on Tuesday evening 14th June 2022
A short note about RERT being dispatched in NSW on Tuesday evening 14th June.
Third update on Tue 14th June (19:22) – forecast LOR3 for tomorrow (Wed 15th) and Thursday 16th June
Third update for Tuesday 14th June 2022 on the forecasts for LOR3 across the NEM.
RERT (Reserve Trader) in QLD and NSW on Tuesday 14th June 2022
A quick article about reserve trader for Tuesday 14th June 2022.
AER circulates letter to remind generators of compliance obligations
Lynne Gallagher highlighted this reminder sent out to all generators from the AER, and we thought it worthwhile copying over to WattClarity here.
15:20 forecasts for LOR3 (load shedding) across the NEM for today, tomorrow (Wed 15th) and Thursday 16th June
An update on this morning’s forecasts from AEMO, published on WattClarity at ~12:00 Tuesday 14th June
When can we hope to see the return of some of these coal units?
A quick look (for Tue 14th June) of which of the coal units are expected to return to service in the coming week.
11am forecasts for LOR3 (load shedding) across the NEM for Tuesday 14th June 2022
A first look today at what’s forecast for load shedding this evening (some very large numbers for both QLD and NSW).
TAS spot price at $15,100/MWh with near-record Market Demand … and NEM-wide IRPM hits a low of 4.33% Tuesday morning
Second article this morning, highlighting the very tight supply-demand balance.
Tuesday morning’s first update – including this evening’s forecast LOR3 (load shedding) in NSW
First update on Tuesday 14th June … with load shedding still forecast for this evening in NSW