Prices for the 3.30 pm, 4 pm and 5 pm trading intervals were close to that forecast four and 12 hours ahead. Conditions for the 7 pm trading interval saw demand around 217 MW lower than forecast and available capacity was 1247 MW lower than forecast four hours ahead, the majority of which was priced below $30/MWh. 12 shows the changes in available capacity rebid by New South Wales participants that led to $300/MWh prices for the 7 pm trading interval. : Significant rebids for the 7 pm trading interval Submitted Time Participant Station Capacity Price to Rebid reason time effective rebid from ($/MWh) (MW) ($/MWh) AGL 1509~P~010 unexpected/plant 3.10 pm Liddell -340 0 N/A Energy limits~dust limits 1509~P~010 unexpected/plant AGL 3.11 pm Liddell 60 14 000 0 limits~112 redist across portfolio - Energy ld03 and 04 Origin 1630P change in avail - fd fan 4.31 pm Eraring -20 28 N/A Energy issues sl Origin 1735P change in avail - id fan 5.35 pm Eraring -330 28 N/A Energy issues sl Origin 1737P change in avail - mill 5.39 pm Eraring -80 28 N/A Energy issues revised sl AGL 1752~P~020 reduction in 5.54 pm Bayswater -240 45 N/A Energy cap~203 plant failure 360MW Origin 1818P plant conditions - milling 6.20 pm Eraring -220 28 N/A Energy limitations sl Origin 1830P change in avail - mill 6.32 pm 6.40 pm Eraring 100 N/A 28 Energy limitations revised sl Financial markets Figure 9 shows for all mainland regions the prices for base contracts (and total traded quantities for the week) for each quarter for the next four financial years. Figure : Quarterly base future prices Q1 2017 Q4 2020 – Source. Figure 10 shows how the price for each regional quarter 1 2017 base contract has changed over the last 10 weeks (as well as the total number of trades each week). The closing quarter 1 2015 and quarter 1 2016 prices are also shown. The AER notes that data for South Australia is less reliable due to very low numbers of trades.
Prices for the 3.30 pm, 4 pm and 5 pm trading intervals were close to that forecast four and 12 hours ahead. Conditions for the 7 pm trading interval saw demand around 217 MW lower than forecast and available capacity was 1247 MW lower than forecast four hours ahead, the majority of which was priced below $30/MWh. 12 shows the changes in available capacity rebid by New South Wales participants that led to $300/MWh prices for the 7 pm trading interval. : Significant rebids for the 7 pm trading interval Submitted time Time effective Participant Station Capacity rebid (MW) from ($/MWh) Price to ($/MWh) Rebid reason 3.10 pm AGL Energy Liddell -340 0 N/A 1509~P~010 unexpected/plant limits~dust limits 3.11 pm AGL Energy Liddell 60 14 000 0 1509~P~010 unexpected/plant limits~112 redist across portfolio - ld03 and 04 4.31 pm Origin Energy Eraring -20 28 N/A 1630P change in avail - fd fan issues sl 5.35 pm Origin Energy Eraring -330 28 N/A 1735P change in avail - id fan issues sl 5.39 pm Origin Energy Eraring -80 28 N/A 1737P change in avail - mill issues revised sl 5.54 pm AGL Energy Bayswater -240 45 N/A 1752~P~020 reduction in cap~203 plant failure 360MW 6.20 pm Origin Energy Eraring -220 28 N/A 1818P plant conditions - milling limitations sl 6.32 pm 6.40 pm Origin Energy Eraring 100 N/A 28 1830P change in avail - mill limitations revised sl Financial markets Figure 9 shows for all mainland regions the prices for base contracts (and total traded quantities for the week) for each quarter for the next four financial years. Figure : Quarterly base future prices Q1 2017 – Q4 2020 Source. Figure 10 shows how the price for each regional quarter 1 2017 base contract has changed over the last 10 weeks (as well as the total number of trades each week). The closing quarter 1 2015 and quarter 1 2016 prices are also shown. The AER notes that data for South Australia is less reliable due to very low numbers of trades.
Electricity%20report%208%20-%2014%20January%202017_0.docx