Thread: Big storm and no power in SA

I’ve seen SA spot prices more than double that...

The National Electricity Rules (the Rules) set a maximum spot price, also known as the Market Price Cap. On July 2017, this cap was set at $14,200 per megawatt hour, and is adjusted annually for inflation.

Originally Posted by Eevo

The National Electricity Rules (the Rules) set a maximum spot price, also known as the Market Price Cap. On July 2017, this cap was set at $14,200 per megawatt hour, and is adjusted annually for inflation.

I’m talking a few years ago..

SA predicted to go into LOR2 today.

The Forecast LOR2 condition in the SA region advised in AEMO Electricity Market Notice No. 60838 has been updated at 1130 hrs 19/01/2018 to the following:


From 1500 hrs to 1630 hrs on 19/01/2018


The contingency capacity reserve required is 350 MW.


The minimum reserve available is 32 MW.

i dont understand it, but the SA-VIC link just got reduced

ACTUAL NEGATIVE SETTLEMENT RESIDUES - VIC to SA - 19 January 2018.

Electricity Market outcomes have resulted in the accumulation of negative settlement residues that have exceeded the allowable negative residue threshold for the VIC to SA directional interconnector.

The negative residue constraint set NRM_VIC1_SA1 commenced operating from 1430 hrs on 19 January 2018.

This constraint set contains an equation with the following interconnectors on the LHS:
V-S-MNSP1
V-SA

The RHS of the constraint equation may be adjusted to manage residues.

Yesterday's spike was apparently after Loy Yang B tripped over 500MW out of the grid, so much for "reliable" coal. Wholesale prices today once again jump all over the place, Tasmania is currently negative.

Screenshot-2018-1-19 Australian Energy Market Operator(1).jpg

Originally Posted by Eevo

The Forecast LOR2 condition in the SA region advised in AEMO Electricity Market Notice No. 60838 has been updated at 1130 hrs 19/01/2018 to the following:


From 1500 hrs to 1630 hrs on 19/01/2018


The contingency capacity reserve required is 350 MW.


The minimum reserve available is 32 MW.

More hot air, it's been cancelled.

Market Notice 60855

PDPASA - Cancellation of the Forecast Lack Of Reserve Level 2 (LOR2) in the SA Region on 19/01/2018

AEMO ELECTRICITY MARKET NOTICE

The Forecast LOR2 condition in the SA region advised in AEMO Electricity Market Notice No. 60846 is cancelled at 1530 hrs 19/01/2018.
No LOR2 condition is currently forecast in the PDPASA period.

Manager NEM Real Time Operations