Tis the season for records, it seems, with Queensland seeing a very low level of Scheduled Demand during the day today – Sunday 23rd August 2020.
Spurred by a number of concurrent requests I’ve returned to the pattern of prior analysis of Q2 prices (completed in 2016, 2017 and 2018) to look at what’s changed for Q2 2020 that’s just ended. Some stakeholders clearly taken by surprise. Analysis includes the SWIS in Western Australia
Marcelle uses the latest release of ez2view (v7.4.5.665) to further investigate the impact of low dispatch prices in QLD on Saturday July 4 2020.
Some quick reflections on a day that saw spot prices in QLD down below $0/MWh for most of the period seeing strong daylight hours, hence strong injections from rooftop PV systems.
Analysis compiled to explore what the impact was of the unusual weather pattern (extensive cloud cover and cold temperatures) seen across a large part of Queensland on Saturday 23rd May 2020.
In a sneak preview from the “Maximising Value in the NEM” webinar this Thursday, Marcelle looks at the changing distribution of spot prices in QLD.
It feels like a lifetime ago, already, but I do vaguely remember that we released our Generator Statistical Digest 2019 last week, on Tuesday 28th January 2020. All the tasks that I had scheduled to follow on from that launch…
Guest author, Allan O’Neil does a masterful job with limited time in reviewing some of the goings-on in the NEM (particularly VIC and SA) on Thursday 30th January 2020
A brief overview of a stressful afternoon/evening in the NEM, where a confluence of events (heatwave-driven high demand, low wind, coal unit trip, etc…) drive LOR2 low reserve condition notice in both VIC and SA, and gear AEMO up to call on Reserve Trader (yet again!)
This afternoon saw the Queensland Scheduled Demand peak at 9,657MW – under 400MW off the all-time record set in February 2019.
Guest author, Tristan Edis, looks particularly at the Queensland Region of the NEM, and an almost complete stop in the development of new renewables projects.
With Queensland temperatures (even at the Brisbane airport) exceeding 40 degrees Celcius today, the electricity demand was also high – though still below the all-time record.
The spot price in Queensland spiked above $1,400 for the first time of the summer on Monday afternoon
Guest author Allan O’Neil provides this handy explainer on how generators’ contract positions affect their bidding decisions and can make negative spot prices pay off, at least in the short term. Very useful for those readers not actively involved in wholesale trading in helping to understand why some conspiracy theories might not match reality.
Rapidly growing solar PV output has been widely tagged as the cause of low and even negative prices in Queensland. But in any market it’s the behaviour of ALL participants that determines price outcomes. Guest author Allan O’Neil takes a closer look at recent NEM bidding.
The run of prices at $0/MWh and below is continuing in Queensland region this week as we pass into spring (many dispatch intervals today down as low as the Market Price Floor at -$1,000/MWh). This begs a few questions…
The Queensland region of the NEM saw a new all-time record for peak electricity demand today (Wed 13th February 2019) by several different measures. A bit later in the evening we take a brief look at a few different factors.
Currently (as at Monday morning 11th February) AEMO forecasts indicate that Queensland electricity demand on Wednesday afternoon will come very close to an all-time record.
A quick look at AEMO’s current forecasts for Friday (prompted by a few conversations externally)…
A quick look at the situation today, where generation in central and northern Queensland was constrained down in the middle of the day, driving prices higher.