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 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’
Today (Thu 15th Dec 2022) the AER released its ‘June 2022: Market events investigation report’, which might be widely read.
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.
Another headline report released in the past couple weeks was the ACCC’s 8th update of its ‘Inquiry into the National Electricity Market’
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?’
Dan Lee provides some exploratory calculations in order to estimate the total cost of maintaining electricity supply throughout a very turbulent June.
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.
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 (Reserve Trader) dispatched in QLD.
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.
This morning (Tue 5th july 2022) AEMO announces it may see the need to trigger Reserve Trader this evening.
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.