{Critical Alert} AEMO seeking market response to threat to system security for gas day 16th June
A short note from 16:50 today about the gas market, from the AEMO.
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’
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 as of: 15/06/22 Last updated: 15/06/22 ASX...
Preparations for Thursday’s discussions with EUAA Electricity Committee … about GenInsights21 and the 2022 Energy Crisis
A short note about the presentation to EUAA Electricity Committee on Thu 16th June 2022 about GenInsights21 ... and the '2022 Energy Crisis'
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...
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.
Forecast LOR3 (load shedding) now spans NSW for Monday evening, 13th June … and QLD tomorrow (morning/evening) as well
The outlook continues to get worse and worse... forecast load shedding extended to NSW this evening and into QLD tomorrow as well.
The yo-yo cases of Available Generation in the QLD region through Sunday 12th June and Monday 13th June 2022
A quick tabular list of the 7 cases overnight where QLD saw 'Actual LOR2' and/or yo-yo Available Generation
AEMO’s updated forecast for load shedding this evening is up to 1,454MW (i.e. about the size of Brisbane)
AEMO's updated forecast for load shedding in QLD this evening is for an enormous amount (1,454MW)
QLD volatility Sunday evening explodes past the Cumulative Price Threshold (CPT)
A quick article Sunday evening as the Cumulative Price for the QLD region skyrockets ever so close to the Cumulative Price Threshold...
Four hours at above $1,000/MWh drives Cumulative Price well above $1,100,000 and close to Cumulative Price Threshold in QLD on Friday evening 10th June 2022
A later article reviewing how Cumulative Price in Queensland has jumped upwards this evening (towards the CPT) as a result of a solid four hours above $1,000/MWh.
A closer look at coal-fired generation availability
Tweet at your own peril A quick mea culpa: after squinting at an ez2view layout early this morning I dashed off a tweet suggesting that six of AGL Energy’s eleven coal-fired generation units were offline – three at Bayswater, two at Liddell, and one at...
What (I believe) is the real cause of our energy crisis – and what should we do?
Tristan Edis of Green Energy Markets explains his thoughts on what has caused the evolving energy crisis and what state and federal governments could do in response.
NEM-wide ‘Market Demand’ exceeds 32,000MW on Tuesday 7th June 2022 … highest winter peak in many years!
On Tuesday evening (7th June 2022) the NEM exceeded 32,000MW for a brief period of time ... we have a quick look at how this stacks up against prior winter period peak demand events.
AEMO flags ‘recent challenges with fuel availability with potential ongoing implications for reliability in the NEM this winter’
AEMO Market Notice 96853 raises some questions about the rest of Winter 2022 ... but also about the broader energy transition.
La Nina is the main cause of high electricity and gas prices
Guest author David Leitch examines the effects of recent rain and how it has disrupted coal production along the east coast.
Anatomy of an Energy Crisis, Australian style – part 1
Let's start with this broader analysis of this 2022 Energy Crisis by looking at the long-term series of monthly average spot prices across all regions...