On 5 August 2024 Australia’s east coast experienced power price spikes in all States, only 5 days after it already happened on 31 July. Prices climbed as high as $17,500/MWh in NSW….
Category: Australia
Chilly winter evenings and tight power supplies cause simultaneous price spikes in all Australian east coast States
The longest price spike periods happened in South Australia after sunset and under low wind conditions, requiring gas fired power to reach 80% in the generation mix. Gas is in short supply…
NSW power price spikes and administered price caps in May 2024
This post describes a series of price spikes in NSW which happened between Tuesday the 7th and Wednesday the 8th of May 2024. The following Fig 1 and Fig 2 are screen…
Peak gas in Victoria, Australia
Report from AEMO (AEMO=Australian Energy Market Operator) on East Coast gas supplies: 21 Mar 2024 AEMO’s latest gas market outlook for Australia’s east coast has forecast a gap in gas supply for…
Last hot summer day in NSW: ALL 12 coal powered units running at combined 90% of capacity
Continuous power price spikes on hot summer day in NSW – yet again. Fig 1: Temperatures in NSW on 29 Feb 2024 (ABC News/BOM) Fig 2: Temperatures in Sydney on 29 Feb…
Fly, money, fly. Australian jet fuel import bills skyrocket
One of the biggest dangers is that military conflicts in the Middle East turn into a tanker war. Marlin Luanda with Russian (!!) Naphtha for Singapore hit by missile and on fire…
How close did NSW come to load shedding on 14 Dec 2023? (part 1)
Tight power supplies in NSW 14 Dec 2013 Fig 1: Warning to reduce electricity use A severe early summer heatwave across New South Wales is bringing the hottest weather since 2020 to…
Peak Oil in South East Asia and India – Part 1 Production and Consumption – Update 2022
The Energy Institute published its first Statistical Review on 25 June 2023, thereby replacing the BP Statistical Review https://www.energyinst.org/statistical-review Let’s have a look at oil production and consumption in South East Asia…
Vivid Sydney 2023: power price spikes during lack of reserve condition
Light festival in Sydney 2023 VIDEO: Vivid Festival kicks off in Sydney https://www.abc.net.au/news/2023-05-26/vivid-festival-kicks-off-in-sydney/102400366 Just a quarter of an hour before Vivid Sydney turned on its lights on 26 May 2023, there was…
Another 3 year warning on Australia’s fuel imports vulnerability
This article is an update to a previous post: 8/11/2022 Only 3-4 years to replace/save 45% of Australian diesel imports? https://crudeoilpeak.info/only-3-4-years-to-replace-save-45-of-australian-diesel-imports It incorporates the recently released Defence Strategic Review. Fig 1: Australian…