A collation of articles relating to Thursday 7th November 2024.
As time permits, we’re chipping away at an exploration of the volatility in QLD and NSW on Thursday 7th November 2024. In this article we take another step in understanding the ‘N-MNYS_5_WG_CLOSE ’ constraint set.
Read MoreYesterday, amongst the volatility, we also wrote about a ‘Small (NEM Mainland) frequency wobble, on Thursday afternoon 7th November 2024’. As a stepping stone to further analysis, we extracted data from around that time and present the two charts.
We’ve selected three dispatch intervals through the long run of volatility in the QLD and NSW regions on Thursday 7th November 2024 to help illustrate:
1) How the issue of ‘congestion’ or ‘constraints’ in the NEM is so complex;
2) But also why it’s so significant to price and dispatch outcomes.
A quick summary about the presence of constraints limiting the ability of the southern regions to help, via the VIC1-NSW1 interconnector, on Thursday 7th November 2024.
It was a hot and sweaty walk home from the Brisbane office late this afternoon, accompanied by the incessant buzzing of my phone … due to the run of volatility in NSW and QLD we forecast in this morning’s article.
Perhaps contributing to the early start to price volatility in NSW this afternoon was the wobble in system frequency shown here?
An earlier-than-expected spike in spot price in NSW on Thursday afternoon 7th November 2024.
A quick look in the morning of Thursday 7th November 2024 utilizing this collage of 4 different ‘Forecast Convergence’ widgets in ez2view at the 08:35 dispatch interval looking forward to this evening.
A quick look at market notices and our forecast convergence widget in ez2view, to check in with projected tight market conditions this coming Thursday in NSW and QLD.
Worth a short note, given the alerts from ez2view have continued to buzz in recent days, as the AEMO continues to update forecast LOR2 warnings for both QLD and NSW regions for Thursday 7th November 2024.