The second quarter of this year has witnessed a series of high price events in Queensland. These price spikes have been profoundly influenced by the dynamics associated with 5-minute dispatch, 30-minute settlement (hereafter ‘5/30’). By way of background, in the NEM dispatch occurs every 5-minutes yielding a dispatch price. However, settlement is based on half-hourly outcomes, with the price determined as the average of the six dispatch prices for each trading interval. These arrangements will end later this year when the ‘5-minute settlement’ rule comes into effect.
For the last couple of weeks, the energy industry has been dominated by discussions about the long foreshadowed closure of Read more
Since the release of Dr Finkel’s review, the term ‘dispatchable generation’ has been appearing more and more across the NEM. Read more
The second quarter of this year has witnessed a series of high price events in Queensland. These price spikes have Read more