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.
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.
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...
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...
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...
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...
15:20 forecasts for LOR3 (load shedding) across the NEM for today, tomorrow (Wed 15th) and Thursday 16th June
An update on this morning's forecasts from AEMO, published on WattClarity at ~12:00 Tuesday 14th June
When can we hope to see the return of some of these coal units?
A quick look (for Tue 14th June) of which of the coal units are expected to return to service in the coming week.
11am forecasts for LOR3 (load shedding) across the NEM for Tuesday 14th June 2022
A first look today at what's forecast for load shedding this evening (some very large numbers for both QLD and NSW).
TAS spot price at $15,100/MWh with near-record Market Demand … and NEM-wide IRPM hits a low of 4.33% Tuesday morning
Second article this morning, highlighting the very tight supply-demand balance.
Highlighting Coopers Gap Wind Farm rebid on Sunday evening 12th June 2022
Will need more time to think why Coopers Gap WF would bid in this way on Sunday evening with 'Actual LOR2' notices at play.
AEMO cancels forecast load shedding (LOR3) in the QLD region for this evening
Small celebration!
NEM-wide IRPM down to only 13%
It's 17:30 and the white knuckle ride through this evening begins...
Actual LOR2 in the QLD Region
Another update late this afternoon, with Actual LOR2 in place.
The vast disconnect between prices DUIDs say they need to run, and market capped prices
Two copies of the 'NEM Prices' widget in ez2view highlights a disconnect.
One more factor to consider … wind harvest drops under 1,000MW on Monday evening, NEM wide
Adding to the complexity of a dire supply-demand balance, aggregate production from wind has dropped below 1000MW today.