A first look at the NSW price spike at 15:10 (NEM time) on Thu 29th Feb 2024
Took a first look at the 15:10 price spike to the $16,600/MWh Market Price Cap in NSW on Thu 29th Feb 2024.
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NSW hit with first wave of price spikes as demand continues to climb towards 14,000 MW on Thu 29th Feb 2024
We've already witnessed four price spikes this afternoon as demand in NSW is approaching its expected peak. P5 forecasts are currently projects prices to remain at very elevated levels for the time being.
‘Market Demand’ in NSW above 13,000MW in mid afternoon Thu 29th Feb 2024
A mid-afternoon update about NSW on Thu 29th Feb 2024.
The forecast LOR2 is gone, but forecasts for spicy prices remain for NSW on Thu 29th Feb 2024
It's early afternoon so here's a quick look at forecasts for NSW on Thursday evening 29th Feb 2024.
A quick look back at the coincident short outages at Tarong 1 and Tarong 2 yesterday
It's Thursday 29th Feb 2024 and with 'next day public' bid data we take a look back at the (very similarly profiled) short notice outages at Tarong unit 1 and unit 2 yesterday (Wed...
Still a forecast LOR2 for NSW on Thursday 29th February 2024, but not as severe as earlier forecasts
AEMO current forecasts (at early afternoon Wed 28th Feb) still show a tight supply-demand balance in NSW for Thu 29th Feb afternoon/evening, but not as severe.
Both Tarong units back online ~3 hours later
Following the earlier trips ... TARONG#1 has come online, closely followed by TARONG#2.
Two units at Tarong come offline Wednesday morning 28th Feb 2024 … not planned in advance
TARONG#1 has come offline from close to minimum load this morning, closely followed by TARONG#2 (also from close to minimum load) - Wednesday 28th February 2024
Evening volatility in South Australia on Tue 27th Feb 2024 + bushfire risk
A short article, recording the start of evening volatility in South Australia ... and the coincident bushfire risk.
Temporary replacement towers up, for the Moorabool Sydenham No1 500 kV line (on Sun 25th Feb 2024)
A reader has helped point out that temporary towers brought the Moorabool Sydenham No1 500 kV line back into service on Sun 25th Feb 2024 (with No2 line still out).
Guest Authored Posts
Modelling prices in a post-coal NEM: When batteries dominate the market
Paul Bandarian and David Leitch from ITK Services share modelling results for a post-coal NEM, arguing today’s electricity prices can be maintained if batteries become the dominant price-forming technology and solar is structurally supported.
Runway cost allocation – ready for liftoff?
Allan O'Neil unpacks a proposal under consideration by the AEMC to apply “runway” cost allocation to contingency FCAS, explaining how this could materially change who pays for frequency security in the NEM.
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