How much fun can you have? The AEMO (Australian Energy Market Operator) projects that as temperatures hit 42C in Victoria, prices are forecast to rise over 100 fold. The AEMO is furiously busy issuing market notices.

For the next three hours Victoria is short of reserve by 1090MW! There is an Actual Lack of Reserve, level 1 (LOR1): “The Actual LOR1 condition is forecast to exist until 1800 hrs. The contingency capacity reserve required is 1120 MW. The minimum reserve available is 32 MW. “ South Australia has been upgraded to a LOR2 (2nd level) requiring 350MW but having only 32MW available. (why the exact same number?).

Victoria:

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SA:

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Or you can watch the state level flows. Right now SA — the leading international star of renewable energy — is getting 350MW from Victoria, which is in turn, getting 700 MW from NSW and Tasmania. Queensland is sending 1,000 MW to keep the rest of the grid alive. Look at those prices! Tasmania, through some miracle of government run markets is paying people to take electricity during these peakiest hours of the year when every other generator is about to earn millions.

Go figure?

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