Last week Paul McArdle posted this article to WattClarity after speaking at All-Energy in early October. His presentation (with narration included) from the conference is available here:
Following on from the significant piece of analysis we performed about the nature of volatility in the energy market (separately noted on WattClarity® in articles such as this one) we were tasked with speaking at All Energy in October 2013 to help our audience understand how renewable energy might integrate into the broader energy market in future years.
As part of this presentation, we provided this animated walk-through of one particular day in the Queensland region of the National Electricity Market (20th December 2012) which saw instances of price volatility:
This animation was prepared using our ez2view detailed market dashboard for the NEM and helps to identify some of the variety of factors that can generally be seen to interact to produce spot price volatility.
The summer of 2012-2013 was a very volatile time for the Queensland region of the NEM.
Responding to a number of questions received from a number of our clients (and others) we initiated a more formal review of the nature of this volatility (including some of the underlying causes).
Our CEO (Paul McArdle) was invited to present some preliminary findings to a joint meeting of Engineers Australia and IEEE in Brisbane on 30th May 2013.
You can view the full presentation (including extensive Q&A session) by following the link below:
On a number of occasions through summer 2012-13 we were called on by our clients (and others) to explain why prices were doing what they did in Queensland over that volatile summer.
Our CEO, Paul McArdle spoke at the EUAA Queensland Energy Forum in Brisbane as an experiment to see if it would help to convey the complexity of the interaction between different variables – we put together this movie replay of a 13 hour stretch on one of the early volatile days that featured a number, but not all, of the contributory factors. It’s not fully polished.