New record production from wind on Tuesday 31st May 2022 (larger still in the afternoon!)
A short note about a ‘blowing a gale’ new maximum point for wind production across the NEM this morning (Tue 31st May 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.
What would happen if…?
Have already posted a few articles today, but will leave you with a question that one of our readers asked me earlier today… It’s quite a topical question: 1) with the Cumulative Price Threshold reached in the Victorian DWGM ……
Tight supply-demand balance on Monday evening 30th May 2022 drives prices high and IRPM low
A very quick summary of market volatility touching all regions across Monday 30th May 2022 … but particularly in the evening.
AEMO notice about ‘Upcoming cold weather and gas market operation from 30/05/2022 to 06/06/2022’
AEMO asks gas-fired generators, in particular, to reassess their forecast capability for the week ahead.
AEMO suspects possible LOR3 Lack of Reserve conditions in forecast for QLD next Monday 6th June 2022 … but it was data input error!
AEMO’s Market Notice 96633 jumped off the page for us…
Victorian wholesale gas prices hit Cumulative Price Threshold
Referencing Josh Stabler’s comment on LinkedIn about Administered Pricing in the Victorian DWGM.
A (temporary?) reprieve from the incessant high prices on Sunday 29th May 2022
Something I’ve not seen all that much for quite a while … zero and negative prices in the middle of the day.
Short-term wind lull on Friday 27th May 2022
A quick look into the short-term wind lull spanning more than daylight hours on Friday 27th May 2022.
Blast off! Q3 base-load futures contract prices jump $30/MWh to $40/MWh on Wednesday 25th May 2022
Prompted by a tweet from Dylan McConnell, here’s a trended look at price and volume for baseload ASX Energy futures contracts for Q3 2022 (and the picture’s not pretty).
Australian domestic weekly gas prices exceed $30 per GJ for the first time
A very short note containing a graph posted by Josh Stabler yesterday, showing that a new record Australian domestic weekly gas price has been hit.
Mainland hydros running hard, as a result of the recent volatility
A short article looking at changing patterns of hydro utilisation on the mainland – particularly with recent volatility.
Valley Power peaker runs hard during Thursday 12th May and Friday 13th May 2022
Have fielded some questions recently, so thought it easiest to include this snapshot from ez2view ‘Bids and Offers’ widget looking back over the past week from now and filtered down specifically to Snowy Hydro’s Valley Power peaking facility in the…
Morning price volatility in South Australia on Tuesday 17th May 2022
A quick look at market volatility in the South Australian region of the NEM on Tuesday 17th May 2022.
Market Volatility (and low IRPM) on Monday evening 16th May 2022 in QLD region
A short article about this evening’s market volatility in the QLD region on Monday 16th May 2022
Run of price volatility in the QLD Region on Sunday evening 15th May 2022
A short note to mark this evening’s volatility in the QLD region.
Josh Stabler discusses the ‘timeline of energy scarcity’ at the EUAA conference this morning
Earlier today, Josh Stabler spoke at the Energy Users Association of Australia (EUAA) conference in Melbourne about “the timeline of energy scarcity’. His presentation focused on rising spot and futures prices throughout the four mainland regions of the NEM.
Morning volatility in South Australia on Wednesday 11th May 2022
One (of many) dispatch intervals this morning with extreme price volatility.
High prices being served up again in SA on Tuesday evening
After last night’s volatility in SA, sustained high prices have been on the menu again. With the SA spot price in quadruple digits for most of the past hour and half, hitting a peak of $9,941.06
Spot market volatility across all 4 mainland regions of the NEM – but particularly South Australia
I’ve already noted about the appropriateness of holding the EUAA National Conference this week … with gas and electricity spot prices being elevated as they have been in recent times! This evening (Monday 9th May 2022) market volatility has put…
Transmission outage on ‘Ravine to Yass (2) 330kV line’ still ongoing
The ‘N-RVYS_2’ Constraint Set continues, with delays in the outage compared with expectations last week.