Don’t have time to post more about this one today, but want to flag this as a place holder such that I can refer to it more directly from time to time – like with respect to the linked posts I’ll progressively add in here:
Prior to Sept 2017
There have been posts made in the past that reference this Analytical challenge.
When I have time to dig them up, I’ll link them in here for your reference – to highlight the diversity of when analysts need to be conscious of “what might have otherwise been”.
Mon 4th Sept 2017
Following some claims made in the SMH that pointedly implied that the establishment of the market was the root cause of the (much more recent) escalation in wholesale prices in the NEM, I posted this rebuttal (and I again apologise for the colourful language that’s still doing the rounds on social media).
These sort of arguments inevitably include a strong element of “what would otherwise have been” if [INSERT KEY CHANGE PROPONENT DOES NOT LIKE] had not happened.
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients.
Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.
Theoretically, if a self-forecasting system never offers forecasts for more than 60% of intervals it may perpetually skip the performance assessment and the system could continue for use unsuppressed.
This is the second of a short series of video snippets extracted from the 17th September 2020 presentation by Marcelle Gannon and Jonathon Dyson for the Clean Energy Council entitled ‘Maximising Profitability in the NEM’ for Wind Farms.
Given the great interest in the new ‘X5 constraint’, guest author, Allan O’Neil, has invested some time to pick the new constraint equation to understand (and then explain) what it is, how likely it will be to bind, and who is likely to be affected.
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