In part 3 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 dig deeper to explore… including wondering whether it would have been expected in advance.
Three main factors contributed to the spot prices in Queensland dropping underwater today for a number of hours – with some factors suggesting this might be the pattern for the coming week…
Guest author, Allan O’Neil, takes a look at what’s happened in the (islanded) market for FCAS services in South Australia over the past two weeks with Heywood out of service. He notes:
“generators in SA as a group would have paid out roughly twice in contingency raise FCAS costs what they earned from selling energy”
In order to help us (internally) map out all the different threads to explore in terms of what happened on Friday 31st January 2020 on a remarkable day in the NEM, I’ve identified a few of the key threads here over the weekend. More articles to follow as time permits….
Today (Fri 31 January 2020) saw NEM-wide demand reach levels never seen before (excepting 29th January 2009). This was just the start of the white knuckle ride.
AEMO issues a Market Notice for a “High Impact Outage” – a term not used since 2012.
Brown coal production drops as one outcome of the current bushfires around the Latrobe Valley
I noted that the recent Basslink outage made the news today as a result of political point scoring in the Tasmanian parliament. As noted in the news report, the Basslink…
It appears that we spoke too soon when we mentioned on the 22nd July that winter 2008 had been relatively uneventful.
Just over 24 hours from making these comments, we saw prices jump sky-high in the mainland regions, and go the other way (to the negative price cap) in Tasmania.