Winter 2002 – Generator Market Power
From the start of the NEM through until 2001, the NEM was typified by a pricing dichotomy with sustained rock-bottom pricing in NSW, Snowy and Victoria and high and volatile pricing in the extremities...
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.
26th January 2006 – high demand and price in Victoria and SA
There was a high level in demand in Victoria on Thursday 26th January 2006. This was especially remarkable, considering that it was an Australia Day public holiday - when commercial (though not industrial or...
2nd February 2006 – price spike in NSW and Queensland
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland - but the price spikes did not transfer...
24th February 2006 – price spikes in Victoria
Demand in Victoria peaked again, bringing with it high prices in Victoria and (to a lesser extent) South Australia. Indeed, the demand experienced in Victoria (on Friday 24th February) exceeded the previous high level...
7th February 2006 – price spike in Tasmania
This week saw very low average prices across the NEM (below $21/MWh average across the week in all mainland regions). Except for 2 half-hours in Tasmania on Tuesday 7th February (when the price rose...
23rd January 2006 – new record for peak NEM-Wide demand
Based on forecasts NEMMCO had been providing through their PASA process, we expected that it might prove that this week would deliver huge demand levels, and high prices. Not to disappoint, the market did...
Weekly summary of events in Summer 2005-2006
Summer 2005-06 saw Australians sweltering in temperatures 40 degrees and above. In the National Electricity Market, this led to new peaks in demand and (given the tight supply/demand balance) delivered high (and volatile) spot...
30th December 2005 – huge NEM-wide demand on a holiday!
In a week which is traditionally very subdued in the market, the NEM sweltered in temperatures in excess of 40 degrees and an exceptional NEM-wide demand (about 30,000MW) was recorded. What made this demand...
2nd February 2006 – NEMMCO’s forecast from 17th January
This article was written prior to 2nd February and drew from the insights gained with our NEMforecastTM product to highlight the looming issue of the tight supply/demand balance forecast for 2nd February 2006.
3rd January 2006 – Outages force QLD price to VOLL
The week started with commotion in Queensland, when the VOLL price ceiling was reached. Further analysis revealed that this was due to transmission system events and the trip of several generation units within Queensland.
Low points for NSW demand in December 1999 and January 2000
Looking back at 26th December 1999, when a low point record for Scheduled Demand in NSW was set.