A tight supply/demand balance in NSW over the week (4th June to 8th June 2018) triggers various activity

Over the prior week (Monday 4th June to Friday 8th June 2018), the NSW region – and, to a lesser extent, the broader NEM – experienced a tight supply/demand balance.

In response to what was happening during the week, we saw a range of activity ourselves, including:

(1)  One-on-one questions with clients

Our prime focus is (and always has been) on continually enhancing how we serve our diverse and growing range of clients, who use our software (and other products) to help them understand what’s going on in the energy market.

Given that the events of that week were so complex (and coincidentally that I had pre-arranged commitments in NSW with a number of clients & others) it was not really a surprise that we fielded a number of questions (some described here) about what was going on.  We appreciate these questions – as they stretch our capability to understand, and explain clearly, complex events such as what happened last week.

(2)  On social media

On the evening of Thursday 7th June, I had a brief amount of time to post this snapshot of the NEM from NEM-Watch v10 on social media (LinkedIn, and Twitter) – which led to some discussions on social media, and elsewhere:

Over the weekend that followed, I was able to grab a few hours to take a more measured look at what had occurred through the week, as a result of which I could post the article “Recapping a shaky week for the supply-demand balance in the NSW region last week” on WattClarity on Monday 11th June.

(3)  In the traditional media

As a result of all of the above, and what we have done in the past, it was also not really a surprise to find ourselves referenced and quoted in the more traditional media over that week, and in the discussion that followed.  Here are some of the references we noted:

Saturday 9th June

As noted on the NEMwatch portal, we found our (RenewEconomy-sponsored) NEMwatch Live Supply & Demand widget referenced in the Newcastle Herald.

Journalist Andrew White from the Australian asked our CEO (Paul McArdle) a few questions before publishing an article on Saturday 9th June “Outages see power prices hit the roof” – including this paragraph:

The founder of Global-Roam consultancy Paul McArdle said only 6000MW of NSW coal ­capacity was available yesterday, which was an improvement on Thursday, but about 2000MW less than at the same time last week.
(though note that we’re a software company, not a consultancy)

Interested readers can see the chart (generated with our NEMreview v7 historical analysis tool) provided to Andrew on Friday 8th June here:

Mon 11th June

Drawing on the more detailed analysis published on Wattclarity on Monday morning, Andrew White from the Australian was able to publish an article on Monday 11th June “Paul McArdle of WattClarity: NSW power outages ‘threat to industry’” .

Tue 12th June

On Tuesday, Ben Potter from the AFR included some references to the WattClarity article in his article “Big power resists AEMO ‘strategic reserve’ push after NSW squeeze” .

Wed 13th June

After we’d both attended the launch of the Victorian Energy Policy Center in Melbourne on Wednesday 13th June, Ben Potter from the AFR also included reference to the WattClarity review of the prior week in his article “Energy expert to Tomago Aluminium: Buy cheap wind and solar power” .

 

 

 

LiveGen Widget goes live – “a world leader”

Our new internationally-focused LiveGenTM widget has been live for a short period of time, and can be accessed here:

http://data.RenewEconomy.com/LiveGen

We’re pleased to be able to work with the people at RenewEconomy to help make global complexity more understandable – in this case, in terms of the contributions of various generation fuel types across a growing number of locations (currently 29 locations across Australasia, Europe and North America with more coming…) .

We’ve built this to address one of the common points of feedback we received over the past 12 months or so of providing our NEM-WatchTM widget (accessed here and here and discussed here) to a growing number of people.

We noted that Ketan Joshi had described the new tool and “AMAZING” and had voiced some nice words about us being “a world leader in visualising” (complexity):

2016-02-02-kind-words-from-ketan

Thanks Ketan!  Always nice to hear when what we do helps to clarify something about the energy sector.

We’re looking for more locations to add in – let us know if you know of some!

 

 

An influx of compliments on our new RenewEconomy generation by fuel type widget

We are very proud to have received a growing number of compliments after the release of our new Generation by Fuel Type Widget available on the RenewEconomy homepage.

We have received positive feedback from industry professionals such as renewable energy consultants:

“…the instantaneous NEM generation graphs by fuel type on Renew Economy are….Bloody Brilliant!   We can now track the demise of fossil fuels in the NEM on a half hourly basis.”

David Woodgrove, Renewable Energy Consultant/DPA Solar

21st March 2015

 to other general admirers:

“Congratulations on the widget. I follow it every day”

Bruce McMillan

17th July 2015

Click here to read more testimonials about the Generation by Fuel Type Widget and NEM-Watch.

Customer uses ez2view to understand unforeseen transmission constraints in SA and VIC

Following a period of market volatility in the SA and VIC regions of the National Electricity Market, one of our clients noted to us the following:

“In recent days with volatility in SA and VIC driven by unforeseen constraints the ez2view tool has proven very useful. It’s an intuitive way to quickly get to grips with a new constraint and work out who/what is affected. I can confirm that it is the reference I use in these situations”

Matt Shanahan – Spot Trader, EnergyAustralia

14th of December 2012

It’s always nice to hear from our customers that what we strive so hard to build does deliver the benefits intended.

In particular we’re pleased to note that ez2view was particularly useful when the market stepped outside of ‘normal’ and threw up something a little different.  It’s those occasions when opportunities can really arise, and we like to help our clients make the most of them.

Customer uses “Power Supply Schematic” Market Map to see a clear picture of the structure of the electricity supply industry

Following a significant period of development work, we released updates to our popular Market Map™ wall charts late in 2011.

One of our happy customers let us know the following:

“I have received the Power Supply Schematic and it now take pride of place on my office wall. Please convey my congratulations to the whole team for an excellent portrayal of an extremely complex issue….”

Brian Green – Energy & Regulator Reporting Manager, Australian Paper

2011

The electricity market is a complex place. For the people operating within the market it’s hard enough – let alone having to explain it to others.  Our Market Maps™ make that task much easier, as this client has testified.

Government department gets value from using NEM-Watch and NEM-Review

One of our government department clients has recently left us a comment after using NEM-Watch and NEM-Review for an extended period of time:

“Thank you very much for your excellent service. We, at the Department, highly value both of your products (NEM-Watch and NEM-Review), which we use on a regular basis and find them extremely useful in the provision of any NEM related data analysis”

Dr T S Prasad – Manager Analysis & Modelling, Department of Water & Energy

7th of April 2008

It’s fantastic to see that government departments are continuing to get value out of our products, particularly when generating context-sensitive insights into data.

Investment manager rates NEM-Watch as “the best product in the market”

An investment manager has recently contacted us, telling us about how highly they rate NEM-Watch:

“You have clearly got the best product in the market, by a country mile (about NEM-Watch)”

Julian Turecek – Investment Manager – Cleantech Ventures

6th of March 2008

It’s great to hear that our relentless will to keep improving and iterating our products, is being noticed by our valued clients.

Communications specialist from market operator gets value from NEM-Watch

A communications specialist from NEMMCO (the former NEM market operator now succeeded by the AEMO) has complimented NEM-Watch passing on her congratulations to the Global-Roam team.

“… I found the NEM-Watch tips very helpful for understanding this tool and its capability … well done on a great product”

Sandra Fitzpatrick – Communications Specialist, NEMMCO

22nd of February 2008

AGL manager compliments Global-Roam service

A business development manager from AGL Energy has praised the service of the Global-Roam staff after they were able to provide “a lightning quick response” and fix to an issue.

“Fixed – and, as usual, a lightning quick response”

Angelo Russo – Business Development Manager, AGL Energy

15th of January 2008

Energy user consultant compliments the hard work of the Global-Roam team

A consultant for large energy users has sent in a compliment to the Global-Roam team for working hard to get him an answer to his query.

“I do want to thank you for your efforts and being so easy to work with. It was a challenging problem despite appearing to be a problem outside the NEM Review program, you still worked hard to get me an answer. I really appreciated this.”

David Headberry – Consultant

30th of October 2007