Thursday 9th May 2024 – Day #1 under Administered Pricing in NSW
A short record of Thursday evening 9th May 2024, with NSW under Administered Pricing.
Eventful Days
A first quick look at bids for NSW participants, including Wednesday 8th May 2024
With questions mounting up (internally and externally) about Wed 8th May 2024 in NSW, we take a quick first look at bids - using the ez2view 'Bids & Offers' widget looking back 30 days...
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.
Over 3 hours of price volatility in NSW on Wednesday evening 8th May 2024 … with Cumulative Price rapidly closing in on CPT
Blasting past 3 hours this afternoon/evening (and still counting), the run of spot price volatility in NSW drives the Cumulative Price up towards the CPT. Will it break the cap this evening, or tomorrow?
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.
Afternoon/Evening volatility on the way for NSW on Wednesday 8th May 2024 (and more tomorrow?)
At 14:05 on Wednesday 8th May 2024 it looks like NSW might see more spot price volatility this evening.
Cloud and rain in NSW leads to more elevated prices during the day
Following Wednesday morning’s volatility in NSW (8th May 2024), middle-of-the-day prices have remained somewhat elevated.
Sunrise volatility in NSW on Wednesday 8th May 2024
Following Tuesday evening's volatility in NSW, the next morning around sunrise saw a second bout of volatility.
~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
A brief record of volatility in NSW on Friday 3rd May 2024
A brief, belated record of a brief burst in volatility in NSW on Friday 3rd May 2024
A brief record of volatility in NSW on Thursday 2nd May 2024
A brief, belated record of a brief burst in volatility in NSW on Thursday 2nd May 2024
Brief Case Study of Sunday 4th February 2024, with low IRPM following high Market Demand
A quick look at the low point for NEM-wide IRPM on Sunday evening 4th February 2024.
NEM-wide wind generation above 6,000MW for the first time in ~3 weeks
A short article capturing how NEM-wide wind production rose above 6,000MW briefly in the morning of Tue 23rd April 2024 ... first time since the afternoon of Tue 2nd April 2024.
A precis of the ‘Exploring Wind Diversity’ analysis completed in Appendix 27 of GenInsights21
Almost 2.5 years since we released GenInsights21, today we're publishing this article that contains a precis of the analysis included as Appendix 27 under the title 'Exploring Wind Diversity'.
Generation gone with the wind
Ashleigh Madden of WeatherZone reports that a cold front has marched across southern Australia, breaking the week-long wind lull.
Summer reflections
Guest author, Carl Daley from EnergyByte, provides this summary of summer 2024 - covering price volatility, consolidation of the twin peaks dynamic, and BESS performance.
The wind is back … some days earlier than suggested in AEMO’s older forecasts
A short note (on Thursday morning 18th April 2024) about how (and some questions why) aggregate wind farm production in the NEM is back, earlier than initially forecast.
Brief Case Study of low aggregate VRE (Wind + Large Solar) on Saturday 13th April 2024 … Part 1?
Taking a quick look at the dispatch interval through this period of low aggregate wind harvest that also saw lowest aggregate VRE (Wind + Large Solar).
Has the wind lull of early 2024 Q2 spooked the futures market?
A quick look at how the current spell of low wind production has coincided with (and contributed to) a rise in futures prices.