Webinar recording: AEMO Q4 2021 Quarterly Energy Dynamics
Catch up on the AEMO Q4 2021 Quarterly Energy Dynamics webinar
The Melbourne Energy Institute was pleased to host Kevin Ly, Group Manager - Reform Development and Insights from the Australian Energy Market Operator (AEMO) on 17 February 2022, as he presented findings from AEMO's latest Quarterly Energy Dynamics (QED) report. The report covers dynamics, trends and outcomes in Australia’s electricity and gas markets in Q4 2021, over the period 1 October to 31 December. During this period:
- cooler temperatures resulted in lower National Electricity Market (NEM) demand compared to Q4 2020, but spot market prices and volatility continued to rise as the quarter progressed;
- there were significant spot price divergences between regions and times of day;
- renewables generation growth continued to displace thermal generation;
- there was a reduction in gas generation in South Australia, partly due to the commissioning of synchronous condensers; and
- east coast gas prices remained elevated with surging international prices driving high Liquefied Natural Gas (LNG) exports.
The full report is available on the AEMO website.
Discussion of the report was led by Kevin Ly and moderated by MEI’s Director of Major Projects, Adrian Panow.
View the webinar recording and slides from the presentation below.
Group Manager - Reform Development and Insights (interim)
Australian Energy Market Operator
Kevin Ly is the Group Manager - Reform Development and Insights (interim) at the Australian Energy Market Operator (AEMO). His role covers many aspects of energy markets, including market design, policy and regulation, working with the Energy Security Board (ESB), the Australian Energy Market Commission (AEMC), and the Australian Energy Regulator (AER) on market reform. Kevin is also responsible for the development and publication of the Quarterly Energy Dynamics report.
Prior to joining AEMO, Kevin held a variety of senior wholesale and market development roles at Snowy Hydro and CS Energy, extending back to the commencement of the National Electricity Market (NEM) in December 1998.
Kevin is an engineer by training, and holds a Masters degree in Engineering Science from Queensland University of Technology (QUT), a Masters degree in Arts (Applied Research) from Macquarie University, and a Masters in Business Administration (MBA) from the University of Queensland.
Dr Adrian Panow
Director Major Projects
Melbourne Energy Institute, the University of Melbourne