An updated animation of 20th December 2012 focused on the Queensland region – a volatile day for that region.
Here’s another animated case study of one more interesting time that occurred through summer 2013 in Queensland – on this occasion the evening of Saturday 12th January 2013.
Five thought-provoking questions about what really happened in Queensland over summer 2013 – and the supplementary question about what it all means for the future.
Beginning prior to 7am and progressing through the morning of Wednesday 2nd January 2013, there was significant volatility in the Queensland region of the National Electricity Market – including four spikes at or above $1,000/MWh.
Here’s a walk-through of how it unfolded, with some pointers to some of the contributing factors.
Why are we investing significant time in completing this review of what was remarkable price volatility in QLD over summer? We’re primarily a software company that develops shrink-wrapped products used by about 100 market participants, spectators and commentators.
A starting list of a number of factors that combined to deliver sustained higher wholesale electricity prices in the Queensland region across the weekend of Saturday 12th January and Sunday 13th January 2013.
An extra-ordinary weekend in Queensland, where the mercury stays up and so does electricity demand and (as a result, plus with some help from other factors) so does price.
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
Contact us if you’d like a detailed Case Study
A brief look, during the day, of the effect that the Queensland heat wave is having on electricity demand within the state – and further across the NEM. It was a day of marked contrast in demand patterns in the north and the south.
A snapshot of an instance of the Queensland regional constraint, which has returned after an absence over the autumn months.
NEM-wide demand is still to crack the 30,000MW barrier (which used to be fairly commonplace several summers ago). This is not providing good news for generators.