NEM-wide IRPM below 15%, on Thursday evening 5th December 2024
On Thursday 5th December 2024, the sun’s set now (at least in Brisbane) and the SMS alerts have begun to trigger because the NEM-wide IRPM has dropped below the 15% alert trigger level.
Market Operations
Hot weather (and low wind) bring price action to South Australia on Thursday afternoon 5th December 2024
Worth a brief article with this NEMwatch snapshot at 14:15 (NEM time) with the spot price in South Australia at $12,500.44/MWh.
The extended outage at Eraring unit 3 (as at Thu morning 5th Dec 2024)
We thought we’d take a quick look at Eraring unit 3, given it was the focus of Colin Packham’s article yesterday in the Australian.
AER sends clear message on self-forecasting behaviours
Semi-scheduled generators shouldn’t treat self-forecasts as commercial parameters. The regulator holds significant concerns with the biasing of self-forecasts for commercial benefit.
Wrap-up of price spikes in November 2024
There have been about 10 occasions in the market’s history when the last week of November has led to extreme prices and this November, was no exception – Carl Daley of EnergyByte provides this wrap-up.
High prices in NSW eventuate early, and briefly, on Tue 3rd Dec 2024 as Collector-Marulan 330kV outage invoked
High prices eventuate slightly earlier than was earlier predicted, coinciding with the ‘N-CTMN_4_WG_CLOSE’ constraint set starting invocation today.
Spicy prices forecast in NSW (and LOR2) … with ‘N-CTMN_4_WG_CLOSE’ constraint set now invoked again
A short note for Tuesday morning 3rd December 2024 to highlight the emergence of forecast LOR2 conditions (and spicy prices) in NSW for later today
(Afternoon and) Evening volatility in NSW and QLD on Monday 2th December 2024
A short record of some high prices in NSW and QLD from 17:35 (NEM time) on Monday 2nd December 2024.
Dispatch systems interruption on 2nd December, 2024
A brief note to record a NEM production systems incident today, December 2, 2024. AEMO declared a major incident (INC0138848) for the Electricity Market Management System service with 4 Dispatch intervals missed. The date and time of the occurrence was…
Availability utilisation on 27 November 2024 in NSW
Separating curtailment from being priced out, we uncover features of unit utilisation by fuel type on the 27th November 2024.
A chronological record of events in NSW on Wednesday 27th November 2024
Wednesday 27th November saw tight supply and demand balance, NSW Energy prices at the MPC for a string of intervals, actual LOR2 conditions, and activation of the RERT mechanism, but in the end no load shedding (LOR3 conditions) eventuated.
NSW seemingly squeaked through yesterday: Was it even that hot? Did batteries save the day?
An early look at two demand-side factors worth examining regarding the tight situation in NSW yesterday.
RERT dispatched on 27 November 2024 in NSW
A brief recap on the dispatch of RERT on 27 November in NSW compares it to demand levels at the time.
Early reprieve for NSW electricity supply from demand pressure
A demand decline in NSW supports the end to a RERT intervention in NSW on 27 November 2024.
Reliability and Emergency Reserve Trader triggered on 27 November, 2024, NSW
RERT has been triggered in NSW on 27 November 2024.
Which units are still offline in NSW and QLD, as of 3:30pm on 27th Nov 2024
A quick look at our generator outages widget from ez2view, to see which units are still offline as of 3:30pm on Wednesday 27th November 2024.
NSW Government enacts protocols to “reduce electricity demand from government agencies” on 27th Nov 2024
The AEMO have published a third press release regarding low electricity reserves in NSW this afternoon – this time stating that the NSW Government is working to reduce electricity consumption within their agencies.
Waratah BESS also directed to maintain state of charge on Wednesday afternoon, 27th Nov 2024
The Waratah BESS has receieved a direction to maintain a state of charge of 96MWh, not long after Wallgrove BESS received a similar instruction.
Actual LOR1 condition eventuates in NSW on Wednesday afternoon, 27th Nov 2024
A short post to note that an actual LOR1 condition has eventuated in NSW, as per market notice 121089.
NSW Prices spike early ahead of forecasts on afternoon of 27th November
The Energy price in NSW has already spiked to up near the MPC of $17500 as early as 14:30 NEM time.