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STPASA - Update of the Forecast Lack Of Reserve Level 2 (LOR2) in the NSW Region on 20/05/2024
The Forecast LOR2 condition in the NSW region advised in AEMO Electricity Market Notice No. 116641 has been updated at 1000 hrs 17/05/2024 to the following:
From 0600 hrs 20/05/2024 to 0830 hrs 20/05/2024.
The forecast capacity reserve requirement is 1240 MW.
The minimum capacity reserve available is 868 MW.
AEMO is seeking a market response.
AEMO has not yet estimated the latest time it would need to intervene through an AEMO intervention event.
AEMO Operations
STPASA - Forecast Lack Of Reserve Level 2 (LOR2) in the NSW Region on 20/05/2024
AEMO declares a Forecast LOR2 condition under clause 4.8.4(b) of the National Electricity Rules for the NSW region for the following period:
From 0600 hrs to 0730 hrs 20/05/2024.
The forecast capacity reserve requirement is 1126 MW.
The minimum capacity reserve available is 1121 MW.
AEMO is seeking a market response.
AEMO has not yet estimated the latest time it would need to intervene through an AEMO intervention event.
AEMO Operations
[EventId:202405161745_NRM_NSW1_VIC1_stopped] NEGRES CONSTRAINT NRM_NSW1_VIC1 ceased operating from 16 May 2024 17:45
Issued by Australian Energy Market Operator Ltd at 1745 hrs on 16 May 2024
CANCELLATION - ACTUAL NEGATIVE SETTLEMENT RESIDUES - NSW to VIC - 16 May 2024.
Refer to market notice: 116637
AEMO has ceased taking action to minimize the further accumulation of negative settlement residues on the NSW to VIC directional interconnector.
The negative residue constraint NRM_NSW1_VIC1 ceased operating at 1745 hrs on 16 May 2024.
This is an AEMO autogenerated Market Notice.
[EventId:202405161730_NRM_NSW1_VIC1_started] NEGRES CONSTRAINT NRM_NSW1_VIC1 started operating from 16 May 2024 17:30
Issued by Australian Energy Market Operator Ltd at 1730 hrs on 16 May 2024
ACTUAL NEGATIVE SETTLEMENT RESIDUES - NSW to VIC - 16 May 2024.
Electricity Market outcomes have resulted in the accumulation of negative settlement residues that have exceeded the allowable negative residue threshold for the NSW to VIC directional interconnector.
The negative residue constraint set NRM_NSW1_VIC1 commenced operating from 1730 hrs on 16 May 2024.
This constraint set contains an equation with the following interconnectors on the LHS:
VIC1-NSW1
The RHS of the constraint equation may be adjusted to manage residues.
This is an AEMO autogenerated Market Notice.
[EventId:203] AP ENDED for ENERGY in NSW1 at 15 May 2024 03:55
Issued by Australian Energy Market Operator Ltd at 0355 hrs on 14 May 2024
ADMINISTERED PRICE PERIOD ENDS in NSW1 region.
In accordance with Clause 3.14.2(b) of the National Electricity Rules, AEMO is notifying market participants that the administered price period declared for the NSW1 region in market notice 116607 will end at 0400 hrs on 15 May 2024.
This is an AEMO autogenerated Market Notice.
Cancellation of Actual (LOR1) condition in the Qld Region - 14/05/2024
Cancellation of Actual (LOR1) condition in the Qld region - 14/05/2024
The Actual LOR1 Condition in the Qld Region advised in AEMO Electricity Market Notice No.116615 is cancelled at 1815 hrs 14/05/2024.
Manager NEM Real Time Operations
Actual Lack Of Reserve Level 1 (LOR1) in the QLD Region on 14/05/2024
Actual Lack Of Reserve Level 1 (LOR1) in the QLD region - 14/05/2024
An Actual LOR1 condition has been declared under clause 4.8.4(b) of the National Electricity Rules for the QLD region from 1730 hrs.
The Actual LOR1 condition is forecast to exist until 1800 hrs.
The forecast capacity reserve requirement is 830 MW.
The minimum capacity reserve available is 727 MW.
Manager NEM Real Time Operations
[EventId:203] AP STARTED for ENERGY in NSW1 at 14 May 2024 03:55
Issued by Australian Energy Market Operator Ltd at 0355 hrs on 14 May 2024
ADMINISTERED PRICE PERIOD DECLARED in NSW1 region.
AEMO has determined that the rolling sum of the uncapped spot prices for the NSW1 region over the previous 2016 trading intervals has exceeded the cumulative price threshold (CPT) of $1,490,200.00.
In accordance with Clause 3.14.2(b) of the National Electricity Rules, AEMO has determined that an administered price period will commence at the trading interval starting 0405 hrs on 14 May 2024 and will continue through to the end of that trading day.
An administered price cap (APC) of 600 $/MWh will apply to all trading intervals during this administered price period. This APC will apply to spot prices and to all market ancillary service prices in the NSW1 region.
An administered floor price (AFP) of -600 $/MWh will apply to spot prices.
AEMO will continue to monitor the rolling sum of the uncapped spot prices and issue further Market Notices as required.
This is an AEMO autogenerated Market Notice.
[EventId:202] AP ENDED for ENERGY in NSW1 at 14 May 2024 03:55
Issued by Australian Energy Market Operator Ltd at 0355 hrs on 13 May 2024
ADMINISTERED PRICE PERIOD ENDS in NSW1 region.
In accordance with Clause 3.14.2(b) of the National Electricity Rules, AEMO is notifying market participants that the administered price period declared for the NSW1 region in market notice 116604 will end at 0400 hrs on 14 May 2024.
This is an AEMO autogenerated Market Notice.