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 Energy Crisis
A collection of the articles about the confluence of events (both domestic and international) that contributed to the full-blown Energy Crisis in 2022 that’s been described as ‘worst in 50 years’
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.
Price Caps to be implemented on Gas and Coal (perhaps?) … with impacts to be felt in the NEM
Striving to catch up on a couple weeks away, today I’ve tried to piece together the current state of deliberations about the potential (and rushed) implementation of caps on domestic gas and coal prices feeding into the NEM.
ACCC released its November 2022 update of the ‘Inquiry into the National Electricity Market’
Another headline report released in the past couple weeks was the ACCC’s 8th update of its ‘Inquiry into the National Electricity Market’
*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?’
What was the total cost of ‘keeping the lights on’ across the NEM in June?
Dan Lee provides some exploratory calculations in order to estimate the total cost of maintaining electricity supply throughout a very turbulent June.
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.
8th Aug 2022 – EnergyAustralia reported an earnings fall for the first half of calendar 2022
A belated and back-dated article to point to the EnergyAustralia Media Release of 8th August 2022 following the Energy Crisis.
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.
Reviewing price patterns in Q2 2022 … anatomy of an Energy Crisis
After many years in a row, we return (in the midst of the ‘2022 Energy Crisis’) to review the pricing patterns in the NEM and the WEM for Q2 2022.
RERT dispatched in QLD – at 17:00 on Tuesday 5th July 2022
RERT (Reserve Trader) dispatched in QLD.
Significant (~1,300MW) drop in Available Generation in QLD on Tuesday morning 5th July
This morning we also saw a sizeable drop (just over 1,300MW) in Available Generation the QLD region … which appears to have triggered an ‘Actual LOR2’ condition.
RERT may be triggered this evening – Tuesday 5th July 2022?
This morning (Tue 5th july 2022) AEMO announces it may see the need to trigger Reserve Trader this evening.
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?