How much did it *actually* cost – the implementation of Five Minute Settlement?
Some of our readers might be able to help us answer this question …
5/30 issue
A first view of bids under Five Minute Settlement
It was too tempting to take some time today to look back on the first fully 5-minute bids from Friday 1st October (the start of Five Minute Settlement) to see how much has changed.
Five Minute Settlement has commenced … but beware some tripwires!
It’s quite early Friday morning, 1st October 2021 … and Five Minute Settlement has commenced. Here’s a *very* early initial look.
AEMO says – all systems go, for Five Minute Settlement
Sharing the AEMO’s email this morning alerting the market to the ‘full speed ahead to 5MS’ notice.
A Second Serving of the Q2 Elephant
For a second portion of Q2 “elephant eating”, I’ll look in some detail at the dynamics of an early instance of spot price volatility in Queensland, because many drivers turn out to be similar across other volatile intervals in the…
P30 Predispatch forecasts after 5-minute settlement–what do they mean?
30-minute pre-dispatch provides critical forward price information to the NEM – but what exactly will it mean after five-minute settlement? Marcelle takes a look.
Potential Tripwire #1 = the ‘invisible’ 5-minute Trading Periods?!
In this article we discuss the 1st of 3 Potential Tripwires that wholesale market participants and others will encounter from October 2021 … with Tripwire #1 coming from the implementation of Five Minute Settlement.
Discussion about electricity prices – following the Callide C4 Catastrophe
Discussion in a number of different places (including an AFR article today) prompted me to pull some data together of how (spot and futures) prices have trended through 2021, and how they changed with the Callide C4 problems.
What’s it like being on a real-time electricity pricing plan? Observations from my poorly insulated townhouse
Guest author and Economist at Monash University, Gordon Leslie, shares his personal experiences since switching to a real-time retail electricity plan.
AEMC issues 3-month delay to the commencement of Five Minute Settlement
The rule change that delayed the start of 5MS to 1st October 2021
Observing Easter Saturday, a little belatedly
Guest author, Allan O’Neil, invests some time to explore a number of different aspects of Easter Saturday (11th April 2020), each noteworthy in their own right (including low demand, high percentage share renewables, negative prices and dynamic bidding)
High SA Prices on Monday 9 July–Business as Usual?
One of our guest authors, Allan O’Neil, takes a closer look at what happened in the South Australian region of the NEM on Monday 9th July 2018
AEMC released Final Determination on Five Minute Settlement on 28th November 2017
A quick look back at the AEMC’s Final Determination on Five Minute Settlement.
A sudden series of SA spikes
Tight import limits on the Heywood interconnector and a lull in wind output saw price volatility return to South Australia earlier this week
Overview: Queensland volatility 1-2 Feb 2017
A volatile couple of days in Queensland, with demand response evident
Initial Review: NEM-wide Price Event, Monday 30 Jan 2017
Extremely hot weather in NSW and the NEM’s underappreciated “rail gauge mismatch” contributed to a sharp multi-state price spike during the afternoon peak
Initial Review: $14,000/MWh Spike in Qld, Fri 27 Jan 2017
A look at last Friday’s short sharp price spike in Queensland and why it led to negative settlement residues on the interconnection with NSW
Queensland electricity demand surpasses 9000MW in heatwave
Hot weather drives Queensland demand higher than 9,000MW for the first time this summer – even with many people still out on holidays…
Sun Metals submits rule change request to AEMC – for optional Five Minute Settlement
On 4th December 2015, Sun Metals (a zinc smelter in northern Queensland, and also one of our initial deSide® clients) submitted this rule change request to the AEMC: In the 10-page proposed change, my sense is that the key points…
Is the real issue related to 5 minute dispatch and 30 minute settlement?
Some thoughts from another guest author, Greg Denton, about the current rule change proposal “Bidding in Good Faith” being assessed by the AEMC.