NSW has joined QLD by exceeding the Cumulative Price Threshold … and now Administered Pricing to begin.
As demand climbs into the evening the IRPM is dropping.
It’s 17:30 and the white knuckle ride through this evening begins…
Another update late this afternoon, with Actual LOR2 in place.
Two copies of the ‘NEM Prices’ widget in ez2view highlights a disconnect.
Adding to the complexity of a dire supply-demand balance, aggregate production from wind has dropped below 1000MW today.
In what is a rapidly evolving situation, we see here another update from the AEMO … extending forecast load shedding into NSW for tomorrow evening as well.
AEMO may well trigger Reserve Trader
A short review of what we named ‘Instance #2’ in the yo-yo-ing of Available Generation after Administered Prices came into effect.
Might be useful to some of our readers…
The outlook continues to get worse and worse… forecast load shedding extended to NSW this evening and into QLD tomorrow as well.
A quick tabular list of the 7 cases overnight where QLD saw ‘Actual LOR2’ and/or yo-yo Available Generation
AEMO’s updated forecast for load shedding in QLD this evening is for an enormous amount (1,454MW)
Forecast load shedding in QLD this evening is growing more severe…
Here’s one example of the steps being taken by AEMO (which would ordinarily be considered as not advisable) to match supply and demand in the NEM (and particularly the QLD region) with Administered Pricing at play.
AEMO’s now forecasting load shedding for this evening … Monday 13th June 2022
First article on Monday 13th June 2022 with QLD under Administered Pricing – looking at not only QLD but also strange outcomes everywhere else…
At 22:40 the price exceeds $10,000/MWh in NSW, VIC and SA … with QLD under Administered Pricing.
Available Generation in QLD has been quite the see-saw following the imposition of Administered Pricing on Sunday evening, 12th June 2022. This is the 3rd occasion this evening we see ‘Actual LOR2’ warning.