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.
More time has elapsed since ‘Part 3’ on 24th March – today I’m posting a shorter piece (Part 4) that explains how RHS of the ‘Q>>NIL_CLWU_RGLC’ constraint equation drove down output and led to the price spike on Sunday 24th January 2021.
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.
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).