A 60% Instantaneous Reserve Plant Margin – even with plant out for maintenance
A massive overhang of capacity seen today - leading to price suppression
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.
Winter evening price spike – like yesteryear (not quite)
Coincident with the release of the RET Review, activity in the spot market provides some reminders...
Negative spot prices in Queensland
Prices dropped below $0 in Queensland this morning - not for the first time in recent days...
What happens if (when?) existing wind farms cross to “the Dark Side”?
A quick look at a price spike that occurred Monday evening (4th August) in South Australia
Queensland gas prices plunge, and generators splurge
This is the lowest I can remember seeing the STTM gas price at the Brisbane hub!
Spot prices back to yesteryear
Spot prices in the doldrums with low demand and high production from wind and gas.
Wind output drops and volatility rises
After spending a day looking into the future (at prospective generation developments) I noted this reverse correlation between wind and volatility that's been occurring over the week.
Morning prices persist in the South as chill remains
Elevated prices persist this morning in Victoria, South Australia and Tasmania
Spot prices back to gory days of 10 years ago on the last hurrah of carbon
Prices plunge on the day the Carbon Tax is repealed
Reduced exports contributed to reduced prices
Reduced export capability over QNI south contributed to the low prices seen last week.
… and what of Generators in Queensland, in particular
A further look at bidding behaviour (this time in Queensland) and the extent to which this is contributing to low prices
Have generators backed carbon out of their bids post 30 June – but prior to the repeal passing?
Have generators already removed the carbon tax from their bids, in July 2014 - and is this the reason why we observed prices plunging on 1st July?
Prices plunge in QLD – because of solar?
Demand plunges in Queensland during the day - dragging prices down with it.
First day without the Carbon Tax here, … maybe?
An interesting half-hour this morning in the NEM
Windy week blows in change in Canberra
With the repeal of the carbon tax looking more likely, and July 1st only just around the corner, someone asked today if we could calculate what the spot price might be without carbon.
Strong winds cool wholesale market pricing
Several windy days raises wind farm outputs to the maximum which (along with other factors) suppress the spot market price
A blue day in Queensland
Hopefully not an omen of what is to come tomorrow night...
Here’s one I can’t recall seeing before
My curiosity was piqued today when I saw the AEMO had lobbed in a Market Notice titled “Zero Regulation Dispatched”.
The role of wind today, in South Australia, with the LOR2 Market Notice issued
AEMO issues an LOR2 notice today for South Australia, noting of the possibility of load shedding in South Australia if a credible contingency occurs.
Spot price drops below zero in SA on a windy day with low demand
A drop in demand exacerbates low holiday demand and high wind to drop the price below zero in SA