Weekly Market Data Analysis Week at a Glance Average Price (Vol Weighted) Median Price Average Price this week last year NEM Average Price (excl. Tas) % of time Price <$50/MWh Storages as at 2 November 2020 Percentage Full Compared to last week 74 Max Demand Min Demand Average Demand Weekly Energy Consumption Basslink Total Export Total Import % time counter price flow Total FCAS Costs (Tas) Beginning of this week (GWh) Percentage full Beginning of last week (GWh) Change from last week (GWh) Compared to last year (GWh) Generation Hydro Generation Gas Generation Wind Generation Sources: Hydro Tasmania/NEM-Review TM Compiled by OTTER Page 1 Week 45 (01 November 2020 - 07 November 2020) 46.81 21.1 38.41 (as at Monday 2 November 2020) System 6411 44.4% 263.95 GWh GWh $1000s GWh 55.44 50.34 98.22 47.90 33.3 % GWh MW MW 44.4 1369 985 Week 45: 1 November 2020 to 7 November 2020 (Sunday - Saturday) 6411 $/MWh $/MWh $/MWh $/MWh % GWh 1130 189.88 8.51 110.88 2.53 Water Storage Situation* MW GWh GWh GWh % 6485 1% 3% *Water storage situation represents system storage levels exclusive of Lake Gairdner, Lake Margaret and Lake Plimsoll. These levels are used in the publications of Hydro Tasmania, for historical consistency. 40.28 58.48 54.13 55.44 0 20 40 60 80 42 43 44 45 Average Price ($/MWh) - past 4 weeks Week 8.5 19.6 38.6 46.8 20.6 24.6 5.7 8.5 -60 -40 -20 0 20 40 42 43 44 45 Basslink Import/Export (GWh) - past 4 weeks Week Import Export 0 200 400 600 800 1 000 1 200 1 400 1 600 1 800 1 Nov 2 Nov 3 Nov 4 Nov 5 Nov 6 Nov 7 Nov Demand/BL flow (MW) Tasmanian Demand & Basslink flow during the week BL Import Tasmanian Generation Tasmanian Demand T ASMANIAN M ARKET W ATCH 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 Storage (GWh) Week 2016 2017 2018 2019 2020
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Weekly Market Data Analysis - economicregulator.tas.gov.au Watc… · Basslink Export Import Net/Total Total Export/Import GWh 8.51 46.81 Net Import 38.31 Max flow during export/import
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Weekly Market Data Analysis
Week at a Glance
Average Price (Vol Weighted)
Median PriceAverage Price this week last yearNEM Average Price (excl. Tas)% of time Price <$50/MWh
Storages as at 2 November 2020Percentage FullCompared to last week 74
Max DemandMin DemandAverage DemandWeekly Energy Consumption
BasslinkTotal ExportTotal Import% time counter price flow
Total FCAS Costs (Tas)
Beginning of this week (GWh)
Percentage fullBeginning of last week (GWh)Change from last week (GWh)
Fact Sheet Compiled using information from NEM-ReviewTM and AEMO published data
Market Price This week Last week ChangeAverage Price (Volume weighted) $/MWh 55.44 54.13 UP by 2.4%Median Price $/MWh 50.34 49.38 UP by 1.9%Maximum Price $/MWh 244.86 222.90Minimum Price $/MWh 6.65 10.68% of intervals price was below $50/MWh % 33.3% 58.0%
Recorded max weekly average since 29.4.06 $/MWh 406.10 Week 25/2009Recorded min weekly average since 29.4.06 $/MWh 0.46 Week 6/2010
Demand OccurrenceMaximum Demand during the week* MW 1369Minimum Demand during the week MW 985Average Demand during the week MW 1130Weekly System Load Factor (LF) % 74.77%Spring Average LF (Sep 19 - Nov 19) % 71.90%Weekly Energy Consumption GWh 189.88* all data relating to demand includes network losses
Recorded maximum peak for 2020 MW 1737Recorded maximum peak to date MW 1760 11 August 2008
Basslink Export Import Net/TotalTotal Export/Import GWh 8.51 46.81 Net Import 38.31Max flow during export/import MW 458 459Inter-regional revenue generated* $1000s 244.64 873.50 1118.14Max +ve price differential observed $/MWh 143.37 151.41Max -ve price differential observed $/MWh -174.87 -62.72No of intervals of counter price flow 18 53% time of counter price flow % 5.36% 15.8% 21.1%No-go zone flows (% of total MWh flows) % 0.00% 0.10% 0.08%
* Losses in the link are not considered in the calculation of residues.
FCAS Costs Tasmania Mainland Total NEMTotal FCAS costs $1000s 263.95 2500.43 2764.38% of Total Energy Costs % 2.77% 1.67% 1.73%Cost of Lower Services $1000s 23.00 563.25 586.26% of Total Energy Costs % 0.24% 0.38% 0.37%Cost of Raise Services $1000s 240.95 1937.17 2178.12% of Total Energy Costs % 2.53% 1.29% 1.36%
Price and Demand Trends in the WeekWeekly Average = $55.44/MWh
Compiled by OTTER Page 2 Week 45 (01 November 2020 - 07 November 2020)
10 August 2020
The spot price in Tasmania reached more than three times the weekly average on 2 occasions during the week.