Some quick notes about the volatility seen in the NEM on Friday 1st March 2019 – a hot day in Victoria and South Australia, the first day of Autumn.
Taking a brief (well, actually longer than intended) look into the various factors that delivered a price spike above $10,000/MWh on Thursday 31st January in NSW – and thinking through the implications for one particular Demand Response client, and for the broader market.
Some snapshots from NEMwatch recording a day where NEM-wide demand breached 33,000MW and prices spiked above $1000/MWh in VIC and SA
Two quick snapshots of a high priced day in Victoria and South Australia – with the price jumping above $12,000/MWh at 15:50
An unexpected network outage in the south-east of South Australia restricts supplies from Victoria at a time of low wind supply in South Australia and results in the dispatch price spiking to $14,200/MWh from 11:30 and oscillating for the afternoon
Some volatility with the hot weather on Wednesday 29th November – is this a precursor for summer?
Tight import limits on the Heywood interconnector and a lull in wind output saw price volatility return to South Australia earlier this week
A volatile couple of days in Queensland, with demand response evident
Extremely hot weather in NSW and the NEM’s underappreciated “rail gauge mismatch” contributed to a sharp multi-state price spike during the afternoon peak
Quick review of an isolated early morning spike in Queensland
A look at last Friday’s short sharp price spike in Queensland and why it led to negative settlement residues on the interconnection with NSW
The volatility of the NEM was showcased again on Monday as South Australia experienced two major price spikes in the space of an hour. Using NEM-Watch’s play back feature (screenshot below) we were able to relive when the two price spikes hit.
A quick look at a price spike that occurred Monday evening (4th August) in South Australia
The forecast heatwave arrives in Victoria and drives demand towards what looks like being the highest (so far) this summer, and causing prices to pop.
High temperatures passing through NSW provided the opportunity for the Colongra gas-fired power station to shake off the cobwebs and have a run for the day.
A snapshot from NEM-Watch capturing the first volatility seen this summer
An animation of 90 minutes this morning where the price gyrated wildly in response to a trip at Yallourn, and numerous subsequent reactions by market participants and the AEMO.
A cold evening in the NEM, and yet demand can’t make it past 30,000MW – which would have been quite startling 4 or 5 years ago (but not now, as demand has been declining for a number of reasons).
Spot Prices in South Australia were elevated over the past 7 days – here are some reasons why.
Augurs to be an interesting day in South Australia today, with two (now three) price spikes already this morning – due in part to no supplies from coal, or from wind.