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.
Seasonal Record of Events in the Market
Collections of events that we see happening in the NEM, categorised in terms of the seasons in which they occur.
Morning volatility in South Australia on Friday 8th July 2022
A quick look at this morning’s volatility in South Australia.
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.
Actual LOR1 and $15,500/MWh in the QLD region on a cold/dreary Monday evening 4th July 2022
A quick article Monday evening about volatility in QLD.
Cloud cover and cold temperatures spark high prices in QLD on Monday morning 4th July 2022
A quick look into today’s high prices in QLD, and some of the contributing factors.
Seasons of low wind and solar output will influence the shape of the NEM
Geoff Bongers, Nathan Bongers and Andy Boston have prepared this guest authored article following on from their recently published paper about the characterisation and mitigation of renewable droughts in the NEM.
On the fringes: the outer edges of the NEM remain the most prone to volatile MLFs
To mark the end of the financial year, Dan Lee writes this explainer about MLFs and gives some examples of noticeable long-term MLF trends within the NEM.
Market volatility on Monday 27th June 2022
The price has been spiking on Monday evening 27th June 2022.
Eighteen month trend of daily average spot prices highlights extreme volatility in Q2 2022
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.
Voltage disruption (apparently) stemming from Port Augusta Renewable Energy Park Thursday morning 23rd June 2022
A few quick notes about the voltage disturbance experienced in the early hours of the morning in South Australia on Thursday 23rd June 2022.
File creation times at AEMO for DISPATCHIS and P5MIN increase 50%, coincident [CAVEAT] with Administered Pricing and Market Suspension
In parallel to the ‘Energy Crisis 2022’ (and perhaps related to it, in some ways) we see a step change decline in the performance of the timeliness of file creation for P5MIN at the AEMO in recent days…
TransGrid 330kV substation near Tallawarra Power Station on fire [updated ~20:30]
A short note this evening about a substation fire near Tallawarra Power Station.
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…
RERT dispatched in QLD – at 18:00 on Wednesday 15th June 2022
RERT (Reserve Trader) dispatched in QLD.
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.
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.
How much wholesale demand response was dispatched in last night’s supply crunch?
A look to see how far WDR has come since it was introduced in October, and to what extent the units registered under the mechanism are helping to alleviate supply-demand tightness during events like last night.