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 at an aggregate level.
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.
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?
Price volatility has continued in NSW this afternoon, starting at around 3:40pm local time.
At 14:05 on Wednesday 8th May 2024 it looks like NSW might see more spot price volatility this evening.
Following Wednesday morning’s volatility in NSW (8th May 2024), middle-of-the-day prices have remained somewhat elevated.
Following Tuesday evening’s volatility in NSW, the next morning around sunrise saw a second bout of volatility.
A second article providing some more detail on the spot price volatility in NSW on Tuesday evening 7th May 2024
A short initial article about the spot price volatility in NSW on Tuesday evening 7th May 2024
A brief, belated record of a brief burst in volatility in NSW on Friday 3rd May 2024
A brief, belated record of a brief burst in volatility in NSW on Thursday 2nd May 2024
A quick look at the low point for NEM-wide IRPM on Sunday evening 4th February 2024.
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.
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’.
Ashleigh Madden of WeatherZone reports that a cold front has marched across southern Australia, breaking the week-long wind lull.
Guest author, Carl Daley from EnergyByte, provides this summary of summer 2024 – covering price volatility, consolidation of the twin peaks dynamic, and BESS performance.
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.
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).
A quick look at how the current spell of low wind production has coincided with (and contributed to) a rise in futures prices.
A quick look at a period of low wind harvest across the NEM in April 2024 that’s already stretched ~7 days and looks like it might have more days to come …