Some observations about Storage

Last minute complications mean that I cannot speak at today’s “Queensland Smart Energy Summit” (with Jonathon Dyson being an even better substitute). Here are some of the observations I would have liked to discuss with the audience there…


More on those negative prices – how do contracts affect bidding behaviour?

Guest author Allan O’Neil provides this handy explainer on how generators’ contract positions affect their bidding decisions and can make negative spot prices pay off, at least in the short term. Very useful for those readers not actively involved in wholesale trading in helping to understand why some conspiracy theories might not match reality.


Who’s responsible for those negative prices?

Rapidly growing solar PV output has been widely tagged as the cause of low and even negative prices in Queensland. But in any market it’s the behaviour of ALL participants that determines price outcomes. Guest author Allan O’Neil takes a closer look at recent NEM bidding.




ESOO Unboxing

Without resiling from last week’s criticism of how the headlines from AEMO’s 2019 Electricity Statement of Opportunities (ESOO) were communicated, it’d be churlish for me to fault the depth of…









Heightened Risk an increasing feature in the NEM these days…

A full page article in the FinReview today quotes a number of people (including our work in the Generator Report Card) speaking about heightened risk in the NEM. Coincident with this, we see another instance of negative prices in South Australia (which has become increasingly common) but also something I can’t remember seeing before – an average negative price across the entire day so far!