Some thoughts from guest author, Connor James, about “what’s next” in response to energy user concerns about high and escalating prices.Read More
Winter 2014 in the NEM
Coincident with the release of the RET Review, activity in the spot market provides some reminders…
Prices dropped below $0 in Queensland this morning – not for the first time in recent days…
A quick look at a price spike that occurred Monday evening (4th August) in South Australia
This is the lowest I can remember seeing the STTM gas price at the Brisbane hub!
Spot prices in the doldrums with low demand and high production from wind and gas.
After spending a day looking into the future (at prospective generation developments) I noted this reverse correlation between wind and volatility that’s been occurring over the week.
Elevated prices persist this morning in Victoria, South Australia and Tasmania
Prices plunge on the day the Carbon Tax is repealed
Reduced export capability over QNI south contributed to the low prices seen last week.
A further look at bidding behaviour (this time in Queensland) and the extent to which this is contributing to low prices
Have generators already removed the carbon tax from their bids, in July 2014 – and is this the reason why we observed prices plunging on 1st July?
Demand plunges in Queensland during the day – dragging prices down with it.
An interesting half-hour this morning in the NEM
With the repeal of the carbon tax looking more likely, and July 1st only just around the corner, someone asked today if we could calculate what the spot price might be without carbon.
Several windy days raises wind farm outputs to the maximum which (along with other factors) suppress the spot market price
Hopefully not an omen of what is to come tomorrow night…