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.
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.
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.
Evening price volatility on Tuesday 7th June 2022
A quick look at the start of price volatility on Tuesday evening, 7th June 2022
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.
Morning dose of volatility in QLD – Tuesday 7th June 2022
A quick look at some of the factors of this morning’s price volatility in the QLD region.
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.
Morning price spike in South Australia on Monday 6th June 2022
A quick look at a price spike at 06:45 on Monday morning 6th June … that has some parallels to yesterday evening.
Quick review of a price spike on Sunday evening 5th June 2022
A short walk through Sunday evening’s ‘out of the blue’ price spike in the South Australian region.
AEMO announces a ‘Protected Event’ for South Australia from 19:15 on Saturday 4th June 2022
At 19:16 on Saturday 4th June 2022 the AEMO announced a ‘Protected Event’ for South Australia, with damaging winds forecast.
Tasmania sees its own spell of volatility on Saturday evening 4th June 2022
A brief look at a period where the TAS region experienced prices up at $15,100/MWh Market Price Cap.
Volatile prices on Friday evening 3rd June 2022
A short article to document another volatility evening.
AEMO continues to monitor gas supplies – with respect to high demand
With respect to yesterday’s ‘Notification of Potential Gas Supply Shortfall Event’ and this evening’s tight supply-demand balance in the NEM, worth noting this AEMO tweet at 17:50 this evening: … which links to this short update on the AEMO website,…
Very tight supply-demand (NEM wide!) on Thursday 2nd June 2022
NEM-wide IRPM is dropping lower and lower on Thursday 2nd June 2022
First evening price spike above $1,000/MWh – at 16:40 on Thursday evening 2nd June 2022
At 16:40 the price spiked above $1,000/MWh for the first time this evening.
Morning price volatility on Thursday 2nd June 2022
A quick look at this morning’s volatility – and also with respect to coal unit availability prior to the expected tight conditions this evening.
Explaining dispatch (and price setting) regarding Eraring Unit 2 on 30th May 2022
A question on Twitter from Benny Beatts (about dispatch of Origin’s Eraring unit 2 on Monday 30th May) illustrates why price setting is not as simple as adding up bids that are dispatched.
Update to the precarious situation forecast for tomorrow – Thursday 2nd June 2022
There’s been some movement in AEMO’s forecast Lack of Reserve positions for tomorrow (Thu 2nd June 2022) but the outlook still seems to be tight…
NEM-wide IRPM drops below 15% on Wednesday 1st June 2022
Across the NEM, surplus Available Generation is less than 15% more than aggregate Market Demand … a low IRPM.
Tight supply-demand balance forecast for QLD and NSW on Thursday 2nd June 2022
A quick look at the current forecast for tight supply-demand balance on Thursday evening 2nd June 2022
Tight supply-demand, so price volatility, in NSW and QLD on Tuesday 31st May 2022
A short look at the start of price volatility on Tuesday evening 31st May 2022