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.
On Tuesday 30th April 2024 we reported of rumours about possible extension to Eraring Power Stations. In the 8 days that have followed since that update several things have happened. In this article we provide an update.
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.
Two news articles in recent days in the Australian (with respect to Federal Court deliberations about Callide C4) prompt this latest article.
On Wed 1st and Thu 2nd May 2024 I appreciated the opportunity to participate in the EUAA National Conference for 2024. Here’s the start of some reflections.
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
Following a presentation with the CEC, Linton shared some insights into FCAS Regulation costs for wind and solar units over last calendar year.
A brief, belated record of a brief burst in volatility in NSW on Thursday 2nd May 2024
Dan Lee takes a deeper dive into network and economic curtailment, and shares some charts and data maps that demonstrate seasonal effects, and the geographic spread of units affected.
This afternoon, Linton and Dan spoke to an audience organised by the Clean Energy Council about VRE and firming – with some snippets to be posted on WattClarity in coming days.
Enroute to Melbourne today for the EUAA National Conference starting tomorrow, I grabbed some flight time to have a quick read through the Grattan Institute’s latest offering – a 45-page report appropriately titled ‘Keeping the Lights on’: Quite topical that…
Given that we’ve taken an interest in what’s going to happen with the looming closure of Eraring Power Station, I thought it would be useful to our readers to highlight Peter Hannam’s article in the Guardian today about a (possibly soon) decision about an extension to service.
Last Tuesday 23rd April 2024 I spoke with an audience organised by BofA Securities with respect to ‘Risk, Uncertainty and Volatility in the energy transition’. Here’s one illustration of why the spread of spot prices in the NEM has been increasing in recent years.
A short article this morning to note about a Working Paper from CAEEPR that touches on important (and not well understood?) aspects of this energy transition, as it relates to Firming Capacity requirements.