Notice: Price Event Report October 1-10, 2006

November 3, 2006

 

NOTICE – Price Event Report: October 1 – 10, 2006

To: Market Participants

As part of its general monitoring activities the MSA is releasing a report entitled:

Price Event Report: October 1 – 10, 2006

On October 4 and 5, 2006, the Alberta market experienced record average daily pool prices of $533.87/MWh and $576.11/MWh, respectively.  These two days were part of a longer sequence of high-price days starting just prior to October 1 and ending on October 10.  Although pool prices have stayed reasonably robust since that time, the focus of this report is the market prices of October 1 – 10.  This event follows close on the heels of a similar situation in late July, during which the AESO was forced to curtail firm load.  Note that no firm load was shed in October although several times the merit order was exhausted and the appropriate emergency procedures were initiated by the AESO. 

This report describes the general background leading to the high prices of October 1 – 10, 2006 and identifies some items of behaviour that appear unusual based on the assessment work thus far. 

This report is issued as general information on events in the market and no specific stakeholder feedback is expected.  However, if you have comments or questions, feel free to call the undersigned.

Sincerely

“Original signed”

Mike Nozdryn-Plotnicki
Manager, Market Monitoring
Market Surveillance Administrator.
Email: mike.nozdryn-plotnicki@albertamsa.ca
Phone: (403) 705-850