I’ve only had about 2 hours this morning to put this together, and have no more time to analyse today, but the following will be of interest to some of our WattClarity readers:
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
On the 4th of February at around 11am energy users in NSW appear to have curtailed their load in response to high prices, resulting in a significant drop in demand. Simultaneously, network conditions and generator rebidding caused the NSW pool price to jump back and forth between extreme prices close to VOLL ($10,000/MWh) and the Market Floor Price (-$1,000/MWh).
There was a temperature-driven spike in demand across the NEM later in the week beginning Sunday 7th January – culminating in the summer’s first demand peak above 30,000MW (on Thursday 11th January).
On this occasion, the spot price spiked above $1000/MWh in Queensland, NSW, Snowy and Victoria,
One of 12 articles on the months past in the NEM. February has seen multiple price spikes over the years often as a result of high demand caused by the summer heat, but also during times of surplus available generation capacity.
A quick look at Saturday 11th April (Easter Saturday) where there were major reductions in output at 4 units across Victoria – 3 coal units in the Latrobe Valley and the Macarthur Wind Farm out in western Victoria, probably related.
1 Commenton "Wild price gyrations in Victoria (and elsewhere) today following a station trip at Yallourn"
PS – it’s been highlighted to me that the outage at Yallourn comes coincident with Industrial Relations action onsite, and with a fire that is under investigation at present.
PS – it’s been highlighted to me that the outage at Yallourn comes coincident with Industrial Relations action onsite, and with a fire that is under investigation at present.
Here’s some further news at the ABC, and in the Australian.
If you know more, please do add this in comments below (or let us know offline).