Wednesday 8th June 2022 saw bust-boom-bust supply-demand balance, with yo-yo pricing resulting. Very topical, given discussions in various parts about a capacity market.
Tristan Edis of Green Energy Markets explains his thoughts on what has caused the evolving energy crisis and what state and federal governments could do in response.
On Tuesday evening (7th June 2022) the NEM exceeded 32,000MW for a brief period of time … we have a quick look at how this stacks up against prior winter period peak demand events.
A quick look at the start of price volatility on Tuesday evening, 7th June 2022
AEMO Market Notice 96853 raises some questions about the rest of Winter 2022 … but also about the broader energy transition.
A quick look at some of the factors of this morning’s price volatility in the QLD region.
Guest author David Leitch examines the effects of recent rain and how it has disrupted coal production along the east coast.
A quick look at a price spike at 06:45 on Monday morning 6th June … that has some parallels to yesterday evening.
A short walk through Sunday evening’s ‘out of the blue’ price spike in the South Australian region.
At 19:16 on Saturday 4th June 2022 the AEMO announced a ‘Protected Event’ for South Australia, with damaging winds forecast.
An updated longer-range trend of monthly aggregate wind statistics (MAX, AVE and MIN per month) to 31st May 2022 … incorporating the new all-time record.
A brief look at a period where the TAS region experienced prices up at $15,100/MWh Market Price Cap.
Let’s start with this broader analysis of this 2022 Energy Crisis by looking at the long-term series of monthly average spot prices across all regions…
A short article to document another volatility evening.
With respect to yesterday’s ‘Notification of Potential Gas Supply Shortfall Event’ and this evening’s tight supply-demand balance in the NEM, worth noting this AEMO tweet at 17:50 this evening: … which links to this short update on the AEMO website,…
NEM-wide IRPM is dropping lower and lower on Thursday 2nd June 2022
At 16:40 the price spiked above $1,000/MWh for the first time this evening.
A quick look at this morning’s volatility – and also with respect to coal unit availability prior to the expected tight conditions this evening.
A question on Twitter from Benny Beatts (about dispatch of Origin’s Eraring unit 2 on Monday 30th May) illustrates why price setting is not as simple as adding up bids that are dispatched.
There’s been some movement in AEMO’s forecast Lack of Reserve positions for tomorrow (Thu 2nd June 2022) but the outlook still seems to be tight…