Even Colongra gets a run as high temperatures stretch local supplies in NSW
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.
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.
Spot Prices in South Australia were elevated over the past 7 days – here are some reasons why.
Following yesterday’s warnings about the potential for a tight supply/demand balance in South Australia this week, it was not really a surprise when the SMS alerts from NEM-Watch began buzzing for the 07:20 dispatch interval this morning (NEM time), highlighting that the dispatch price in SA had jumped to $12,199.20/MWh. This has continued through the morning.
It’s not looking that great, currently, for the supply/demand balance in South Australia this week – when viewing predispatch, ST PASA and AEMO’s Market Notices
Spot prices in South Australia have been seen to be higher in the month of April than in the prior months, which is somewhat counter-intuitive. Prices also spiked this evening on a number of occasions above $500/MWh – here’s some of the reasons why.
A quick note about the tight supply/demand balance in NSW today – by virtue for high demand and constrained interconnector capability.
More extreme weather drives extreme demand and extreme prices – on Wednesday 2nd February.
A graphical summary of a day when temperatures soared in NSW, dragging demand higher and (with the assistance of a relative shortage of supplies) also dragging prices to VOLL
A snapshot of a higher demand day in NSW, driven by higher temperatures as they move eastwards
Some notes about the heatwave in SA and VIC, and what it means for the NEM
A few snapshots and quick notes about a very hot spring day in the NEM, with demand soaring, IRPM dropping across the market, and prices at VOLL in NSW
Some quick notes about high demand and prices in South Australia again today….
We noted yesterday (Wednesday 10th June) that NEM-wide demand climbed past 32,000MW for the first time this winter.
The following evening saw demand climb to similar levels (a peak of 32,054MW at 18:20 – so 35MW higher than the previous night). However the situation on Thursday night was different in two key ways…
One of 12 articles on the months past in the NEM – in which we examine the trends in price and demand across the NEM for the month of October.
Wednesday 28th January saw demand across the NEM jump to unprecedented levels, setting a new record of 34,843MW at 16:00 NEM time. On Thursday 29th January, we saw the demand increase still further, leading to prices that stayed high for much of the day (to the point where the Cumulative Price Threshold was reached in VIC and SA and price caps were imposed), and a relatively small amount of involuntary load shedding occurring in VIC and SA.
One of 12 articles on the months past in the NEM. June has brought us several cases of “economic witholding of capacity” – particularly in 2002, and in 2007 the NEM had a very interesting week in which the IRPM plunged to its lowest level ever.
One of 12 articles on the months past in the NEM – in which we examine the trends in price and demand across the NEM for the month of May.
One of 12 articles on the months past in the NEM. February has seen multiple price spikes over the years often as a result of high demand caused by the summer heat, but also during times of surplus available generation capacity.
An illuminating view of the NEM during the high NSW prices on 31st October 2008, illustrated with screenshots and a dynamic video from the new NEM-Watch v8.
Our Managing Director spoke at the “Australian Energy & Utility Summit 08” in Sydney on Tuesday 22nd July 2008, touching on issues including the extremes of price volatility that were experienced over winter 2007.