We dodged a bullet today in QLD (Tue 1st Feb 2022) … but there’s new challenges to confront tomorrow (Wed 2nd Feb 2022)
A quick look back at today (Tue 1st Feb) and look forward at tomorrow (Wed 2nd Feb).
Headline Events
Some key events in the NEM that carried long-term implications
The performance of QLD’s two wind farms through Tuesday 1st February 2022
A quick look at how QLD’s Wind Farms performed today … Tuesday 1st February 2022.
Queensland ‘Q^^NIL_CS’ central-south constraint also a factor, on Tuesday 1st February 2022
A quick look at the ‘Q^^NIL_CS’ constraint equation, which was also active today in QLD and influencing market outcomes.
Only 5 percent IRPM (485MW spare) in the QLD Economic Island!
We’re down to 485MW of spare capacity in the QLD region … at any price. Hold onto your hats!
It’s all happening – Intervention, Directions, Reserve Trader, etc…
Here’s just a couple of the strange things that are going on in the NEM this afternoon … particularly in QLD and NSW
Yo-yo pricing in NSW today, and in QLD
Some ‘interesting’ price outcomes seen today in NSW and QLD.
After a hiatus, Queensland demand starts rocketing back upwards late afternoon Tuesday 1st February 2022
Queensland ‘Market Demand’ is almost at 9,500MW at 16:35 – after retreating temporarily in the early afternoon.
Tarong unit 2 trips on Tuesday afternoon (1st February 2022)
Adding into the tight supply-demand dynamic, the coal-fired unit Tarong unit 2 tripped this afternoon.
Spot-exposed retail customers in QLD prepare for tonight’s extreme pricing
Earlier this afternoon I came across some social media posts from spot-exposed retail customers in QLD sharing warnings of incoming high prices.
Calls for restraint on electricity use in QLD on Tuesday 1st February 2022
The calls for restraint on energy use are an understandable step, given the very tight supply-demand balance.
Reserve Trader dispatched in QLD from 17:00 on Tuesday 1st February 2022
The AEMO has activated/dispatched Reserve Trader for later this afternoon/evening in the QLD region – beginning at 17:00 NEM time
Load Shedding (a.k.a. LOR3) forecast for QLD on Wednesday evening 2nd February 2022
AEMO forecasts possible load shedding on Wednesday evening, 2nd February 2022
AEMO commences Reserve Trader negotiations for NSW Region today (Tue 1st Feb 2022)
Third article already today … this one about AEMO and Reserve Trader in the NSW region.
Why is QLD short of generation capacity, on Tuesday 1st February 2022?
A quick look at the coal units that are currently offline today in the QLD region, in the lead-up to the tight supply-demand balance.
QLD’s forecast LOR3 (Load Shedding) cancelled for today (Tue 1st Feb) – then reinstated, then escalated
A short morning article, looking forwards to this evening’s forecast tight supply/demand balance (and possible load shedding) in the QLD region.
AEMO to commence RERT (i.e. Reserve Trader) negotiations in QLD for Tuesday 1st February 2022
… and as a result of the forecast LOR3 tomorrow in QLD (Tue 1st Feb 2022), AEMO is commencing Reserve Trader negotiations.
AEMO forecasts *possible* load shedding in QLD on Tuesday 1st February 2022
Hot on the heels of Monday evening’s volatility, the AEMO has forecast LOR3 Low Reserve Condition (i.e. load shedding) might be possible in QLD on Tuesday evening.
Price volatility (and low IRPM) on Monday 31st January 2022 – in QLD, VIC, SA (a first initial review)
A short (and first) look at some of the market activity on a volatile evening in several regions – SA and VIC, and with QLD joining the fray a bit later.
Price volatility in the QLD region on Sunday evening, 30th January 2022
A short article about some evening volatility in the QLD region on Sunday 30th January 2022.
Forecast ‘Market Demand’ in Queensland on Wednesday 2nd February now up at 9,929MW at 17:30
AEMO now asking for ‘Generator Recall Information’ for generators in NSW with LOR2 conditions forecast on Tuesday … and forecast demand levels in QLD for Wednesday 2nd February up near the all-time maximum.