Forecast for elevated prices in QLD again this evening – Wed 26th May 2021
Following yesterday’s incidents (plural!) we see prices forecast to be high this evening in QLD as well.
Three Events Yesterday – with Mainland Frequency as low as 48.555Hz
Part 5 in an expanding series, looking at what happened in QLD on Tuesday 25th May 2021 – this one looking at system frequency.
Callide C4 (tentatively) offline for a year – following turbine hall fire yesterday!
First update, day after the event, shows a cautious (initial) approach to returning the 4 units at the Callide site back to service.
A new all-time maximum for coincident wind production across the NEM late on Tuesday 25th May
Last night, in addition to the dramas unfolding in the QLD region, we set a new record for coincident NEM-wide wind production – eclipsing the prior record from exactly 6 weeks ago.
QLD dodged a bullet …. Tue 25th May 2021 (Part 3)?
Third short article this evening, after it looks like we’ve escaped from a tight supply/demand balance (reasonably) unscathed.
Hold onto your hats … QLD’s supply demand balance forecast to be very tight in the hours ahead … Tue 25th May 2021 (Part 2)
Looks set to be a very tight supply/demand balance this evening in Queensland. Here’s hoping everything goes right for the AEMO Control Room!
Loss of ~2000MW of demand in Queensland on Tuesday 25th May
A quick snapshot from NEMwatch at 14:20 today highlighting the loss of approximately 2000MW of demand this afternoon – dropping the level of Scheduled Demand down to 3,775MW: The AEMO Market Notice highlighted says: ——————————————————————- MARKET NOTICE ——————————————————————- From : …
Ranking wind farm performance and FCAS costs in the NEM in 2020
Which wind farms performed best in 2020? Marcelle extracts data from the GSD2020 to compare spot (and LGC) revenue, and FCAS cost performance, across wind farms in the NEM.
Price volatility on Monday 17th May 2021 … as expected (part 1?)
Was speaking with someone this morning about the expectation that there would be price volatility this evening, and the market obliged. It’s only just started, but here’s the second spike (at 17:40) captured in a snapshot from NEMwatch v10: Here’s…
Exploring several categories of Stakeholder in ‘Generator Insights 2021’
In our development of GenInsights21, we’re exploring ways to also include some analysis of different types of stakeholders in the generation process. In this article we outline a couple (and seek your input).
Moving from mandatory PFR to an arrangement that’s more durable
A quick synopsis of some market reforms at the AEMC relating to system frequency.
Observations of differences in system frequency in the Mainland NEM (comparing 2019 to 2021)
One of the many data sets being crunched as part of our analytical efforts underpinning the development of ‘GenInsights21’ is system frequency. In this short article today, we share some initial observations on how it has been changing.
Prices skyrocket across all 4 mainland regions on Wednesday 12th May
Spot prices spiked across mainland regions this evening – firstly at 17:55 (above $1,000/MWh). and then at 18:00 (up towards $15,000/MWh). Here’s a first look.
FCAS goes from fast to very fast
Just under 3 weeks ago (on 22nd April 2021) the AEMC published a draft determination that would establish ‘Fast Frequency Response’ as an additional (i.e. 9th and 10th) FCAS service in the NEM. We take a brief look.
Liddell unit 3 to close in 11 months time … on 1st April 2022?
Saw an update from the AER this evening pertaining to Liddell unit 3, and had a quick look with the power of the Generator Statistical Digest 2020.
Mothballing logic, and reason?
Recent events in the NEM are causing me to wonder whether we’ve suspended logic, and reason, in charting a workable course through this energy transition?
Where’d the wind go, during the last week of April?
Over the week that has just passed we kept noticing production from wind farms across the NEM was fairly muted – so we’ve had a look at what it meant, in aggregate daily capacity factors. This is something we’re exploring much deeper in Generator Insights 2021…
ESB releases Options Paper on post 2025 market design … is it a ‘NEM 2.0’ design to get us beyond 2040?
A quick note to alert our readers that the ESB has published an Options Paper today on the post 2025 Market Design (with submissions due Wed 9th June 2021).
Rainfall in northern Queensland contributes to price spike at 15:55 on Tuesday 20th April 2021
In between other jobs today, we’ve taken a look at why the price spiked yesterday (Tue 20th April) in QLD … at an earlier time than we had become accustomed to seeing it occur in recent months.
Announcing development of ‘Generator Insights 2021’, and inviting your pre-order
As alluded to in several recent articles, we have underway a process for updating the ~180 page analytical component included in the Generator Report Card 2018 (released 23 months ago now). We are targeting a release of ‘Generator Insights 2021’ in Q3 2021, and would invite your pre-order.