Over the weekend, Angela Macdonald-Smith and Ben Potter from the Australian Financial Review wrote an article discussing the potential cost of the recent Basslink cable failure that has been plaguing Tasmania over recent months. In March, our CEO, Paul McArdle published some of his thoughts on the topic in a post to WattClarity, and he followed it up with a short update last week responding to claims about the total cost of the cable failure. Seeking in-depth insights and analysis on the matter, the journalists referenced Paul’s comments on the matter:
The highest previous estimate of the economic impact of the outage was a $400 million back-of-the-envelope estimate from Brisbane-based energy consultant and GlobalRoam director Paul McArdle, based on similar methodology of applying the increase in average prices to typical usage.
The Snowy Hydro Corporation have submitted a rule change request that would see a change to the National Electricity Rules to oblige price sensitive demand greater than 30MW to bid into central dispatch.
An excerpt from this WattClarity article posted in January 2014 was used in the ‘Statement of issue’ section of the consultation paper, including a screenshot taken from ez2view.
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.
In the height of summer 2005-06 a journalist at The Age, Rod Myer, wrote this article “Power to cut out the middleman” to highlight a different approach a number of large industrial energy users were adopting to lower their average cost of energy consumed, whilst at the same time providing a valuable service to the market in helping to mitigate peak demand.
The article begins:
“SEVERAL Australian businesses are choosing to manage their exposure to the national electricity market directly rather than contract with retailers. And many who choose to go down this path are providing much needed backup for the power system by turning their plant off when power prices spike.”
Given that our company has been active in facilitating Demand Response for a number of years, it made sense that our comment was sought about this emerging opportunity for energy users.
The author notes our CEO, Paul McArdle, as commenting that:
“… companies using Global Roam software had added about 200 megawatts of demand-side response to the market by cutting use at certain trigger power prices.”