Snapshot of Monday evening 3rd June 2024
A quick article with a snapshot from NEMwatch at the 18:25 dispatch interval to highlight a couple things we might come back to later.
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.
Aggregate wind production NEMwide ramps up (close to all-time maximum!) to round out an otherwise low-yield May 2024
Unlike the first ~28 days in the month of May 2024, the aggregate production of power from Wind Farms across the NEM has ramped up from late Tuesday 28th May and reached a high...
The ‘N::N_CTYS_2’ constraint equation will be invoked for another 11 days … out till Friday 7th June 2024
The AEMO has extended the scheduled invocation of the 'N-CTYS_3L_WG_CLOSE' constraint set (which contains the ‘N::N_CTYS_2’ constraint equation - one factor in the outcomes on Wed 8th May 2024).
NEM-wide aggregate wind yield under 500MW on Thursday evening 23rd May 2024
As the sun sets on Thursday 23rd May 2024 (the day of the announcement of the extension to the Eraring service life) we see aggregate wind yield dropping below 500MW.
AEMO publishes a tender for Interim Reliability Reserves (i.e. Reserve Trader)
Following today's publication of the AEMO has also called for ‘Interim Reliability Reserves’ for summer 2024-25.
Vales Point 6 unit back online earlier than expected … Tuesday morning 21st May 2024
On Tuesday morning 21st May 2024 the Vales Point 6 unit has returned to service, ~2 days earlier than earlier expectations.
Saturday morning wrap of forecast LOR conditions in NSW
Following numerous Market Notices overnight pertaining to Forecast LOR2 (or LOR1) in NSW for a number of coming days, here's a summary on Saturday morning 18th May 2024 using 'Forecast Convergence' from ez2view.
Looking closer at curtailment across wind farms in NSW last Wednesday 8th May 2024
A deeper dive into the geographic spread of wind farm generation and curtailment last Wednesday evening including a look into wind conditions and network topology.
AEMO ‘forecast LOR2’ for Monday morning 20th May 2024 currently growing tighter
An update (via Market Notice at 11:21) on the forecast LOR2 for NSW for Monday morning 20th May 2024.
Some yo-yo action in NSW baseload electricity futures
An update on LinkedIn by an electricity retail broker (Choice Energy) prompts this update on NSW electricity futures price movements.
MT PASA DUID Availability confirms Eraring unit 2 offline till Tuesday 21st May 2024
A new data update from AEMO confirms the suspicion that (based on current expectations) Eraring unit 2 is now offline until Tuesday 21st May 2024.
AEMO updates forecast for supply-demand balance on Monday morning 20th May 2024 … now forecast LOR2
Following several changes in the forecast for Monday morning 20th May 2024, the AEMO has issued a 'forecast LOR2' notice.
… but ER02 return to service hit a snag (Thu 16th May 2024) – now possibly out until Tue 21st May 2024
Yesterday afternoon (Thu 16th May) Eraring unit 2 commenced return to service. But it hit a snag that evening, came offline, and might be off for a few more days?
Eraring Unit 2 commences return-to-service startup, but ….
On Thursday afternoon 16th May 2024, Eraring unit 2 (after a 15-day outage due to a boiler tube leak) has commenced the return-to-service process.
Low wind conditions to persist, NEM-wide, for at least another week
Following an article yesterday about 'another challenging week for VRE NEM-wide, we take a quick look at forecasts for the coming 7 days and see low wind persisting.
Low wind harvest in South Australia
Also on social media was a comment by Jess Hunt about low wind conditions in South Australia currently ... which has prompted these thoughts.
Thar she blows! NSW hits the CPT and enters Administered Pricing (until Wed 15th May at least) … I think for only the 2nd time ever?
At 19:55 (NEM time) on Wednesday 8th May 2024, the NSW region commenced Administered Pricing for ENERGY and 10 x FCAS commodities, following a rapid spell of spot price volatility.
NSW price volatility continues into Wednesday afternoon 8th May 2024
Price volatility has continued in NSW this afternoon, starting at around 3:40pm local time.
~80 minute run on spot price volatility in NSW on Tuesday 7th May 2024
A second article providing some more detail on the spot price volatility in NSW on Tuesday evening 7th May 2024
Energy Price Volatility in NSW on 7 May 2024
A short initial article about the spot price volatility in NSW on Tuesday evening 7th May 2024