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.
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.
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.