Third day in a row, and at exactly the same time as yesterday (Mon 17th Nov) the dispatch price in QLD spiked through the roof. Here’s a quick first look…
In part 4 of this expanding Case Study of the unexpected price spike on Tuesday 13th Oct, linked to a large & sudden drop in output across 10 solar farms, we take a quick look at what happened at most of the QLD generators through this 10:00 trading period.
We take a look at challenges for AEMO in operating the system under the security threats posed by the ongoing bushfires …
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.
Coincidentally this week it seems to me that we’re facing storm warnings on two different fronts – one literal (and much easier to prepare for), whilst the other one is metaphorical and operates at several different levels (and is much, much more difficult to manage).
A synopsis of the presentation provided by guest author, Jonathon Dyson, at the Solar Asset Management conference earlier today in Sydney.
Data compilation of the Generator Report Card is underway, given we’ve stepped over into 2019. Here’s a summary insight about the nature of coverage of bound constraint equations across all units in the NEM.
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.
Some conversations with new generation developers about their prospective developments in northern Queensland has prompted some analysis to help them understand the size of the addressable market for them.
Following from (what we have seen as) an increase in diversity of concerns (and claims) about different aspects of generator performance, we’re leveraging our extensive data set and capabilities to have a deeper look, leading to the publication of a Generator Report Card with data to 31st December 2018. We’d welcome input from those who wish to pre-order their copies now at an initial low rate.
A detailed look at two specific trading periods in the day (Tuesday 24th July 2018) that saw negative dispatch prices occur at the start of trading periods – hence provided a case study for how existing Semi-Scheduled plant respond (especially in combination with transmission constraints and the Semi-Dispatch Cap).
Reduced export capability over QNI south contributed to the low prices seen last week.
Some quick observations about the patterns of volatility seen this week in Queensland
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.
The dispatch price in Queensland spiked to $1,500/MWh at 18:25 and again at 22:40 yesterday evening – triggering jitters in some who fear a return to the volatility of summer 2013.
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.
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.