The 2024 Transition Plan for System Security ties together many of the threads identified in previous AEMO studies in developing this plan for managing system security in a low emission power system.
A curious phenomenon we’ve been watching with interest today has been the somewhat persistent and alarmingly high predispatch price forecasts for NSW.
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.
After returning from COP29 in Baku, Dan shares his thoughts about energy transition challenges in international electricity markets, and how they intersect with what we’re seeing in the NEM.
An early look at two demand-side factors worth examining regarding the tight situation in NSW yesterday.
A brief recap on the dispatch of RERT on 27 November in NSW compares it to demand levels at the time.
A demand decline in NSW supports the end to a RERT intervention in NSW on 27 November 2024.
RERT has been triggered in NSW on 27 November 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.
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.
The Waratah BESS has receieved a direction to maintain a state of charge of 96MWh, not long after Wallgrove BESS received a similar instruction.
A short post to note that an actual LOR1 condition has eventuated in NSW, as per market notice 121089.
The Energy price in NSW has already spiked to up near the MPC of $17500 as early as 14:30 NEM time.
Ben Domensino of WeatherZone provides some context about the heatwave being experienced in NSW today.
Market notice 121067 indicates that the AEMO has directed Iberdrola’s Wallgrove BESS to maintain 59MWh of energy storage.
A forecast LOR3 for this afternoon reappeared in the P30 forecasts for four hours this morning, as demand forecasts for the region jumped by approximately 200MW.
Market notice 121038 has appeared this morning, showing that the AEMO intends to commence RERT negotiations in NSW this afternoon.
A tight supply-demand balance in NSW didn’t produce quite as much energy price volatility as projected.
At 16:55 on 26th November 2024 AEMO advised three of four units at Uranquinty tripped, during a forecast LOR1 condition which then became an actual LOR1 condition.
The AEMO responds to media coverage warning of blackouts in NSW on Wednesday afternoon.