Friday 8th May 2009

 

Hi there,

57+ reasons why NEM-Watch v8 is streets ahead of NEM-Watch v7
(and existing clients get it for free)

We're totally serious.  We've had our developers (led by NEM-Watch Manager, Shane Gill) working on this upgrade since February 2008.

That's more than 15 months of development time we've invested in the upgrade - and, as a result, we would certainly expect to see major improvements to a product that was already very popular .

We suspect you would expect to see such enhancements, as well.  Hence, not to disappoint you, we've picked some of the many added advantages of NEM-Watch (new to version 8) and listed them here for your review.  Interestingly, when we count up the enhancements (those below, plus others behind the scenes) we get close to one new advantage for every week of development effort invested.

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Here's a view of the main screen, but remember that there's much more to it than meets the eye (in at least 57 ways).

Image of NEM-Watch v8.2 here

Right now, we're mightily relieved to have finished this development project.  As noted above, we've been working on this for some time!

After investing so much time in its development, we thought it would be fitting to spend a couple days to put together this email so that you can more fully appreciate the multitude of ways in which we have upgraded NEM-Watch such that it delivers even greater Clarity, Convenience and Cost-Effectiveness in helping to make the NEM understandable.

Thank-you, in advance, for your patience in reading, as it's a good-cup-of-coffee effort (but well worth your while in the end)!

Reason #1)   Colour-coding of regions
so you can easily see what's important

With version 7, we supplied the software with standard pastel colours for each region (and which a few clients changed to their favourite cricket team colours).   However that was a great opportunity gone begging!

With version 8, we've set the regions up to be dynamically coloured on a sliding scale between two extremes:
DARK BLUE = recent (i.e. past couple years) minimum demand for the region; and
RED = all-time maximum demand for the region.

Hence, you don't have to keep these numbers in your head, any more, to understand the relevance of a high demand day in a region (or groups of regions).  

For instance, we saw the value of this during the heatwave of late January 2009, when we were running an early BETA of version 8 and were easily able to see even from the other side of the room that the demand in VIC and SA had reached a new peak.   Note that, as further developments since these BETA versions, NEM-Watch will now dynamically update its own record of peak demand for each region, in order to ensure its own colour-scaling remains fully relevant.


Reason #2)   Colour-coding of price boxes
so you can see, from a distance, when the price is high

For the same reason, we have also set NEM-Watch v8 to show each region's pricing in a separate price-box, with the colour of the box set on a sliding scale between two extremes:
DARK BLUE = $0/MWh (or below); and
RED = $150/MWh (or above).
Note that this max and min scale is customisable (in the Options menu).

As with the demand colour-scaling, the price boxes are colour-coded so you can easily see when prices are high, even at a distance.

The example illustration shown here illustrates the general concept ->

The analysis provided of the price spikes seen on Thursday 29th January 2009 includes a number of NEM-Watch snapshots that illustrate the value of this display further.

 


Reason #3)   Cumulative Price is now displayed
for some perspective on the volatility

Following a spate of sustained high prices in the market in the past 15 months, and at the request of a number of clients (many thanks!), we've added into v8 a display of the 7-day rolling Cumulative Price - which are also shown in this illustration.

For those who have not heard of the Cumulative Price, it's basely a safety valve for the market, to help reduce the risk of retailers going out of business in periods of high volatility (because of the prudentials required, and the cash-flow risk resulting from delayed payments in the retail market).

If the Cumulative Price reaches the Cumulative Price Threshold (which is 15 x VOLL, or $150,000 currently), then prices will be automatically capped - as discussed here, in relation to what happened in January 2009.

Hence, through this simple metric, you can gain a good idea of how volatile the price has been over the past week.

 


Reason #4)   Cumulative Price is colour-coded
for faster assimilation

As with everything else on the display, this is colour-coded as well!   In this case, the Cumulative Price box for each region will be dynamically coloured on a sliding scale between two extremes:
DARK BLUE = $0/MWh (or below) rolling total over 7 days; and
RED = $150,000/MWh (or above) rolling total over 7 days.

See image of the colour-coded price boxes


Reason #5)   Price and Demand Text is Re-Sizeable AND Moveable
so you can see it a long distance away

Many people choose to run a copy of NEM-Watch on a large-size display screen in a central area of the office (e.g. reception, trading room, coffee room, conference venue, etc...)

Now there is practically no limit to how large the boxes can be made (with the text inside) such that you can read particular numbers at the back of the room.  Simply click to grab the bottom-right corner of the box and drag to resize - as easy as that!

To move the price/demand boxes, simply grab them and drag them to where you want them to be - personalise the screen to suit your own regional perspectives.

 

Shows you how to resize boxes


 

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Reason #6)   Temperatures now shown on the map
for an easier view

For many years, NEM-Watch has included an update of data from the Bureau of Meteorology (see their disclaimer) with respect to weather data around the NEM - we selected cities with significant populations (I think the cut-off we chose was a population over 50,000 - but it's been some years since we did it, so don't quote me on that one)

With v8, we've moved the cities onto the map so that you can much more easily locate the ones you are interested in.

To show the data for an individual city, just
   Left or Right CLICK the icon to have the data box show; and
   Left or Right CLICK the icon to hide the data box.
Once shown, you can drag it around the display to position where you like.

As can be seen in this illustration, you are able to more easily see the measures of:
(a)  Temperature; and
(b)  Humidity;
(c)  and you can see a representation of wind speed (arrow shows direction of wind, size of arrow head relates to the wind speed).

 


Reason #7)   Sliding-scale now used
for a clearer view

v7 used a step-wise colour-scale for temperature.  To make it clearer, v8 now uses a sliding-scale, between two extremes:
DARK BLUE = 0 degrees C (or below); and
BIGHT RED = 40 degrees C (or above).

Small image of the cities


Reason #8)   Windspeed shown in m/s or knots
- you choose your preference

You have the ability (under the Options menu) to choose to display wind speed in knots or m/s (whichever you understand better).  Numbers are shown in the table (see Reason #11 below).


Reason #9)   Cities are hidden if the data is "old"
so you know the data is relevant

To give you peace of mind that the weather data you are looking at is current for the time period displayed, we've set v8 up so that the cities will disappear from the display if the data is not updated within a certain tolerance (currently set to 4 hours).

This means that, in playback and playforward, you won't be looking at weather data that is not relevant to the time period you're looking at - making it clearer for you!


Reason #10)   You can turn off the cities of no interest
to avoid cluttering the display

Let's say you have a specific focus on only North Queensland.

To avoid cluttering the display, you can just click to turn off all the other cities around the country.

 


Reason #11)   Display cities in a table
for those who miss v7...

As shown in this image, you can still choose to show the temperatures in table format (and, as noted above, remove them all from the map, if this is too cluttered for you).

We added this feature in following a suggestion from a couple of clients who trialled an early BETA of version 8 (many thanks!).

Note that the table still shows temperature colours in the step-wise colour-scale used in version 7.  We thought this would be appropriate, as you'll probably only have this table shown if you had grown attached to the v7 display.

 

Small image of the cities


 

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Reason #12)   Water storages now shown on the map
for an easier view

With the increased interest we saw in water storages around the NEM (beginning in 2007 with the drought), we added water storages to NEM-Watch in version 7.

With v8, we've moved these water storages onto the map so that you can much more easily locate the ones you are interested in.  We've used a "ruler" icon, with the blue level representing the percentage of water currently stored in the dam.

To show the data for an individual city, just
Left or Right CLICK the icon to have the data box show; and
Left or Right CLICK the icon to hide the data box.
Once shown, you can drag it around the display to position where you like.

 


Reason #13)   We've added a few more water storages
based on your suggestions

Based on your suggestions, we have included several more water storages relevant to the NEM - such as:
(a)   Eungella (supplies Collinsville);
(b)   Awoonga (supplies Callide by pipeline, and Gladstone for feedwater); and
(c)   Callide (supplies Callide).
as shown in the image above.

Small image of the dams


Reason #14)   Dams are hidden if the data is "old"
so you know the data is relevant

As with the weather data, to give you peace of mind, we've set v8 up so that the dams will disappear from the display if the data is not updated within a certain tolerance (currently set to 2 weeks).

This means that, in playback, you won't be looking at dam level data that is not relevant to the time period you're looking at - making it clearer for you!


Reason #15)   You can turn off the dams of no interest
to avoid cluttering the display

In the same way that you can customise your display for only the cities you choose, so you can also turn off the dam data that is of no interest to you (for a cleaner display).

 


Reason #16)   Display dams in a table
for those who miss v7...

As shown in this image, you can still choose to show the dams in table format (and, as noted above, remove them all from the map, if this is too cluttered for you).

We added this feature in following a suggestion from a couple of clients who trialled an early BETA of version 8 (many thanks!).

 

Turn off the dams


Platinum Gold Silver Bronze Publisher
1)   Colour-coded demand YES YES YES YES YES
2)   Colour-coded price boxes YES YES YES YES YES
3)   The Cumulative Price now displayed YES YES YES N/A YES
4)   The Cumulative Price colour-coded YES YES YES N/A YES
5)   Text is easily resizeable YES YES YES YES YES
6)   Temperatures shown on the map YES YES YES YES YES
7)   Sliding scale for temps YES YES YES YES YES
8)   Wind speed in knots or m/s YES YES YES YES YES
9)   Tolerance on weather update currency YES YES YES YES YES
10)   Turn off cities of no interest YES YES YES YES YES
11)   Display cities in a table YES YES YES YES YES
12)   Water storages shown on the map YES YES YES N/A YES
13)   A few more water storages YES YES YES N/A YES
14)   Tolerance on dam data currency YES YES YES N/A YES
15)   Turn off dams of no interest YES YES YES N/A YES
16)   Display dams in a table YES YES YES N/A YES

 

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Reason #17)   NEM-Wide IRPM
as a center-point of the display

The Instantaneous Reserve Plant Margin (IRPM) is a measure we conjured up several years ago for an earlier version of NEM-Watch (version 4, I think, in early 2002).

Up until that time, the RPM had been more traditionally used as a forward-looking measure in generation planning, whereby the measure was calculated as follows:

RPM = (Installed Capacity - Expected Peak Demand)/Expected Peak Demand , in the forward-looking period of interest

What we did, with NEM-Watch version 4, was changed a forward-looking measure to be an instantaneous measure calculated as follows:

IRPM = (Available Capacity - Actual Demand)/Actual Demand , for the current dispatch interval

Since that time, we have seen the NEM-Wide IRPM become accepted as a good, non-price-based, indicator of the current balance between supply and demand, all the way across the NEM.

For instance, you might be interested to review this analysis we did following two days of extremely low IRPM back in winter 2007.  We've not seen the IRPM drop to these remarkable levels since that time, either (on a NEM-Wide basis).

With the upgrade to version 8, we have moved the IRPM to a central point on the display, and made it easier to understand - as shown in the illustration here ->

 

Illustration of NEM-Wide IRPM


Reason #18)   Colour alerts for NEM-Wide IRPM
to gain your attention

We previously did some analysis that showed how NEM-wide IRPM was typically below 15% only at times of high demand (and/or large-scale generator unavailability), and that the NEM-Wide IRPM was very rarely below 10%.

Hence, we've added in some code to ensure that the colour of the IRPM indicator will change from its default grey as follows:
YELLOW = if the IRPM drops below 15%
ORANGE = if the IRPM drops below 12%
RED = if the IRPM drops below 10%

You can see how useful this was during the heatwave of 29th January when NEM-Wide IRPM did drop significantly (i.e. the NEM-Wide IRPM indicator dropped into the yellow level - interestingly, this clearly illustrated how the NEM still had plenty of capacity still available, despite the load shedding in VIC and SA, which was due to more localised issues, which is why we developed the features below...).


Reason #19)   Geographical display of Economic Islands
for rapid understanding

The way the NEM rules are written, a single generator will set the dispatch price for all regions in "normal" circumstances.  In such cases, there will be a small difference between the prices in each region, because of the dynamic inter-regional loss factor (which is a function of the flow on the links).

However, the NEM does not always work that way (as you know).

When inter-regional transmission contraints occur, local generators have market power, and can set the price (as they are the only ones that can supply the next unit of generation).  On occasions, this does lead to large differences in the price across region boundaries (which will now be much more easily visible with the new interconnector charts - see Reason #27 below).

For instance, we did some analysis of what happened in summer 2007-08 in QLD, as a result of a couple days of constraints on the QNI interconnector to highlight the significance of transmission constraints (some might argue that there's not much that's more important).

As noted in that article, we coined the term "Economic Island" to reflect the fact that, whilst the regions are not physically islanded (i.e. the interconnector is still working) they are economically islanded, as generators on the other side of the link can't currently have an impact on the spot price delivered.

Hence, with version 8, we have made it much easier for you to see whenever Economic Islands are in existence.  This is the core added advantage of the NEW Gold Model of NEM-Watch v8.

As shown in this illustration here, the state of Economic Islands is calculated dynamically every 5 minutes, in reference to which interconnectors are constrained.   When interconnectors are constrained, a red-outline is drawn around the groups of regions constituting an island.

This will make it much easier for you to understand the reason for price differences between regions (whenever these occur because of transmission constraints - which, by our reckoning, is a large percentage of the time).

Illustration of the display of Economic Islands


Reason #20)   IRPM of Economic Islands
for perspective on price spikes

In conjunction with the enhancement noted above (Reason #19) we have also added into v8 a dynamic calculation of the IRPM for each Economic Island that exists, at the chosen dispatch interval.

This is shown below the representation of NEM-Wide IRPM (for Gold, Platinum and Publisher only) as shown in the illustration on the right ->

To calculate the IRPM for the whole of the NEM, the calculation is relatively straightforward.  However, to calculate an IRPM for a sub-section of a market, there are boundary issues that need to be addressed - i.e. what do we assume about current transmission flow, and transmission capability?

As such, we've taken a bit of artistic licence in deciding that, in our definition of IRPMEI we:
1)  Assume that transmission flows (which are constrained) are static; and
2)  That exports from a region add to that region's effective demand.
We believe that this is the best measure that could be developed, as it will give the truest indication of how local generation supplies in each area are stretched.  Hence, the formula is:

IRPMEI = (AvailableCapacityEI - ActualEffectiveDemandSuppliedEI) / ActualEffectiveDemandSuppliedEI , where:
ActualEffectiveDemandSuppliedEI = ActualLocalDemandEI + NetExportsEI

We do believe this metric will provide you a great increase in value you receive through your copy of NEM-Watch, especially at times of tight local supply/demand, and price volatility.

Illustration of IRPM for Economic Islands


Reason #21)   Colour alerts for IRPM of Economic Islands
to gain your attention

We've extended the colour-alerts for the NEM-Wide IRPM to also activate when the IRPM for the Economic Islands drop below benchmark levels as follows:
YELLOW = if the IRPM drops below 15%
ORANGE = if the IRPM drops below 12%
RED = if the IRPM drops below 10%

You can see how useful this was during the heatwave of 29th January when IRPM of economic islands containing VIC and SA did drop very low indeed.  In particular, see how the NEM-Wide IRPM was only in the yellow range, and yet the IRPM for VIC+SA was very much in the red range, hence the load shedding....

Special Note - Upgrade to v8 Gold Model

For those who wish to upgrade (from Bronze or Silver) to the NEW Gold Model, in order to gain the benefits of this display of Economic Islands, we will do this for only the pro-rated difference between the licence fees, over what's currently remaining on your licence - i.e.:

Upgrade from Bronze to Gold = $2,000 x NumberOfDaysRemaining/365 + GST

Upgrade from Silver to Gold = $1,000 x NumberOfDaysRemaining/365 + GST

Please call us +61 (0)7 3368 4064 to arrange

 


Platinum Gold Silver Bronze Publisher
17)   Central display of NEM-Wide IRPM YES YES YES YES YES
18)   Colour-Alerts for the NEM-Wide IRPM YES YES YES YES YES
19)   Geographical display of Economic Islands YES YES N/A N/A YES
20)   Calculation of IRPM in Economic Islands YES YES N/A N/A YES
21)   Colour Alerts for IRPM in Economic Islands YES YES N/A N/A YES

 

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Reason #22)   Chart of price history
as a center-point of the display

We've enhanced the NEM-Watch display such that the chart of regional pool prices can now be permanently displayed - as shown here:

Chart of Prices

As shown on the image, the menu selector will hide out of the way, unless you choose to select it.   You can choose to use the menu items shown here to customise the chart, any particular way you like.  You are provided with a high degree of freedom, and with a get of ouf jail button "Revert to default chart settings" if you muck something up.

As shown here, the menu up the top of NEM-Watch allows you to do the following:

1)  Toggle the prices chart on or off;

2)  Select the range of data history to display on the chart assuming you have run NEM-Watch long enough for the history to be collected (NEM-Watch will store up to 30 days);

3)  Select between (5-min) dispatch or (30-min) trading data to be displayed on the chart (NEMMCO's predispatch price forecasts are shown in the chart if trading prices are selected).

Chart controls


Reason #23)   Chart of Regional Demand
for ease of reference

The second of the four main charts on the display is the regional demand chart, which is also shown by default.   You are provided with the same flexibility in configuration of this chart as provided for prices.

Chart of Prices

In addition, you are also provided with a view of the trend in NEM-wide demand, as shown in the illustration above.


Reason #24)   Chart of Regional Available Generation
so you can quickly see loss of load

The third of the four main charts on the display is the regional available generation chart, which is also shown by default.  Once again, the same extensive flexibility is provided, in terms of your options to configure the chart.

Chart of Prices

We've included this chart in order to make it much easier for you to quickly see if a generator forced outage is the cause of any price spike, when they occur - just refer to this chart and you'll see a drop in available generation, in whatever region it occurs.

In addition, you are also provided with a view of the trend in NEM-wide available generation, as shown in the illustration above.


Reason #25)   Chart of Supply-Demand Balance
for those who liked the v7 display

Some of those trialling early BETAs of v8 let us know that they still liked to have the Supply/Demand balance chart (from v7) displayed.

As shown here, this can now be included again in v8.2 ->

Simply right-click up in the top of the display and select "Balance" chart.  It will appear, and you can then drag around and resize to suit your requirements.

Chart showing supply-demand balance


Reason #26)   Chart of Interconector flow
launched from the display

To make better use of available screen-space, we've designed v8 such that you can launch the interconnector chart from the special chart button on the interconnector flow box.

Chart of Interconnector

Once launched, it can be dragged and resized to any area of your display, such that it becomes a permanent part of your personalised NEM-Watch view.


Reason #27)   Price Spread across interconnector
are now shown in the chart

Additionally, we've enhanced the display included in this chart (compared with v7) by including a display of the price spread over the interconnector (this is shown in the right axis of the chart included above).

Through this chart, you can clearly see the impact of transmission constraints (i.e. the price difference will be relatively minor, except when constraints occur and prices can separate).


Reason #28)   Interconnector Data in table form
for those numerically inclined

As shown in the image above (Reason #26), the interconnector data can be shown in table form - for those who wish to see it in that format.  Simply click the "table" button in the top-right of the window.


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Reason #29)   Chart of NEM-Wide IRPM
for supply/demand balance

As shown in the illustration below, simply click the chart icon within the IRPM display on the screen to see a single chart NEM-Wide trending demand, available generation, and IRPM.

Chart of NEM-Wide IRPM

Once launched, it can be dragged and resized to any area of your display, such that it becomes a permanent part of your personalised NEM-Watch view.


Reason #30)   Chart of IRPM for an Economic Island
for an even clearer view

Furthermore (only for Gold and Platinum) you are able to launch a similar chart showing the IRPM of any economic island that exists at a selected dispatch interval.

Note that the data series in these charts are discontinuous, as they are only calculated in the dispatch intervals when that Economic Island exists.

Chart of IRPM for Economic Island


Reason #31)   Chart of Trend in Cumulative Prices
to show you the past 7 days

To provide you some more perspective on the level of volatility experienced recently in the market, you can also launch a chart showing the trend in Cumulative Prices, as shown below.

As illustrated in this image, use the main Date-Range Controller at the top of the NEM-Watch interface to select how much history to show on the chart, so long as you have had your copy running long enough to build up that history (NEM-Watch will store up to 30 days if left running continuously).

Chart of Cumulative Prices

Once launched, it can be dragged and resized to any area of your display, such that it becomes a permanent part of your personalised NEM-Watch view.


Reason #32)   Chart of Regional Supply/Demand Balance
to put the current period into perspective

Another way in which NEM-Watch can show you more perspective is in relation to regional demand levels.  This is an excellent innovation of v8 that took substantial development time to fine-tune.

Click on the chart indicator to launch the chart.  As shown in the illustration below, there are three basic sections to the display:
(Section A) = a comparison (black bars) of installed capacity for the region (taken from the most recent SOO, and remotely updated when each new issue is published) against the available generation capacity bid into the market for the current dispatch/trading interval;
(Section B) = a comparison (red bars) of the peak demand recorded (within NEM-Watch) for the region against the regional demand for the current dispatch/trading interval; and
(Section C) = a chart of 9 different peak load forecasts for the coming winter period, and 9 different peak load forecasts for the coming summer period (taken from the most recent SOO, and remotely updated when each new issue is published):
      i.   The blue bars are the Low Load Growth forecasts (90%, 50% and 10% POE permutations);
      ii.   The green bars are the Medium Load Growth forecasts (90%, 50% and 10% POE permutations);
      iii.   The red bars are the High Load Growth forecasts (90%, 50% and 10% POE permutations);

Chart of Regional Supply-Demand Reference

Hence, you would understand how this new feature is a massive enhancement to NEM-Watch.   Through a single chart for a given region, you can now clearly see:
(a)   If there is a large amount of capacity unavailable, compared with the installed base;
(b)   How the current demand shapes up against the available generation (also shown in the IRPM for the Economic Islands);
(c)   How the current demand compares with the peak all-time demand; and
(d)   How close the current demand is to NEMMCO's forecast for the peak seasons.

Once launched, it can be dragged and resized to any area of your display, such that it becomes a permanent part of your personalised NEM-Watch view.


Platinum Gold Silver Bronze Publisher
22)   Chart of Price Trends YES YES YES YES YES
23)   Chart of Demand Trends YES YES YES YES YES
24)   Chart of Available Generation Trends YES YES YES YES YES
25)   Chart of v7 Supply-Demand Balance YES YES YES YES YES
26)   Chart of Interconnector Flow Trends YES YES YES YES YES
27)   Price difference across the interconnector YES YES YES YES YES
28)   Interconnector Data in Table Form YES YES YES YES YES
29)   Chart of NEM-Wide IRPM YES YES YES YES YES
30)   Chart of IRPM for Economic Islands YES YES N/A N/A YES
31)   Chart of Trend in Cumulative Prices YES YES YES N/A YES
32)   Chart of Supply/Demand Reference YES YES YES YES YES

 

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Reason #33)   Price Histories for Dispatch data
for better understanding

For previous versions of NEM-Watch, we included a small number of statistics to do with prices in each region.  None of these statistics were to do with dispatch data.

For v8, we have enhanced the display based on customer requests (many thanks) to include some statistics (minimum, average and maximum Price/Demand/Available Generation for each region).

Showing the table of DISPATCH data statistics

Note that these are calculated based on data you have in your NEM-Watch database, which means that:
1)  Statics won't be available over more than a 30-day history period;
2)  If you have not run NEM-Watch continuously, you will have holes in your data over that period, so this will skew the results; and
3)  As shown in the image above, NEM-Watch does not process price revisions.


Reason #34)   Price Histories for Trading data
for quick reference

As noted above (Reason #33), previous versions of NEM-Watch included a small number of statistics to do with trading (but not dispatch) prices in each region.  However, because of the method used to update this data (not including price revisions, amongst other things) this data was frequently wrong.

We had initially intended to just leave this feature out of NEM-Watch v8 (it was not in the early BETAs), but we received several requests from people to have it included.  Hence, we invested many weeks of development time to put this feature in that is much better than what was in v7, and before, because:
1)  Most importantly, the data is correct!
2)  In the process of doing this, we also included a greater range of data, as well.

Showing the table of TRADING data statistics, highlighting some important differences

Note from the image above that:
1)  Statistics calculated over a shorter-term timeframe (i.e. less than 1 month) come straight from your NEM-Watch database, so are subject to the same caveats as noted for trading data above:
      (a)   If your database has gaps, your stats will be wrong; and
      (b)   If price revisions apply, they will not have been processed, and hence your stats will be wrong; and
2)  For data over longer-term timeframes (i.e. one month and up) your stats will come from a web-based infoserver database we have established for the purpose, hence the numbers will take price revisions into account, so should be accurate, fingers crossed!


Reason #35)   Standard Display Configurations
to save you the time

When NEM-Watch v4 was first released, you did not have much choice - 99% of display resolution was 1024x768.

These days, we note our clients are using a range of displays, hence we have configured v8 such that it can take advantage of the full range of your screen's capabilities.  Simply move things to suit your own personal preference.

For those who are too busy (we know that not everyone has the time to become an expert NEM-Watcher) to configure your own display, we have set up a couple of standard screen resolution displays for you to choose from ->

Showing the selection of a standard display


Reason #36)   Choose to display Dispatch or Trading data
- the flexibility is yours!

One more enhancement we've made with v8 is to allow you to select to display either DISPATCH or TRADING data within the map display, and everything associated with the map.

Please note here that there are two DISPATCH/TRADING selectors at the top of the NEM-Watch Display:
(a)   The one on the LEFT controls the map (on the left); and
(b)   The one on the RIGHT controls the charts (on the right) plus any charts launched from the map.

Select which to Display on the Map

Note that, if TRADING data is selected for display, then the interconnectors will not show flow limits (as these are only applicable in Dispatch Intervals).


Reason #37)   Enhanced Playback
through dispatch or trading periods

Once you have chosen whether to display dispatch or trading data on the map, your use of the Playback function will be modified to reflect your setting of the display i.e.:
(a)   If DISPATCH is selected (the default setting) then playback will step through each Dispatch Interval; whereas
(b)   If TRADING is selected, then playback will step through each Trading Interval (with the display showing only trading data)


Reason #38)   Address Book for Screenshots
for frequently used addresses

The past couple of versions of NEM-Watch have included the ability for you to save a screenshot to a local network drive OR email it to someone else.

With v8, we make this easier for you, as we enable you to save commonly used email addresses in an address book within NEM-Watch.

Choose which email address to select from the address book

This will enable you, even more, to share the benefits of NEM-Watch around your organisation, and to others as well (just to clarify, we don't mind you sharing NEM-Watch images outside your company - so long as they are attributed back to NEM-Watch).


Platinum Gold Silver Bronze Publisher
33)   Price Histories for dispatch data YES YES YES YES YES
34)   Price Histories for trading data YES YES YES YES YES
35)   Optional Standard Display Configurations YES YES YES YES YES
36)   Choose to display Dispatch or Trading data YES YES YES YES YES
37)   Enhanced Playback of dispatch/trading data YES YES YES YES YES
38)   Address Book for Screenshots YES YES YES YES YES

 

Click here for a free 7-day trial of the software

Up and running in about 5 minutes,
if you have admin rights on your PC.

Click here to get started, right away, with your annual licence

Start your licence at your convenience,
from only $1,100 inc GST.
Existing clients, click here for upgrade instructions

Existing clients are
upgraded for free!

Reason #39)   8 x Separate Layers - one for each FCAS Commodity
for better understanding

Previous versions of NEM-Watch had very crude representations of the FCAS markets, which operate in parallel with the (much larger) energy market.

Despite the fact that the FCAS markets (collectively) account for less than 1% of the dollars traded in the NEM, we have heard first-hand accounts of generators crowded around these crude NEM-Watch displays, trying to make heads-or-tails out of the activity in the market - and proceeding to earn themselves considerable revenue as a result.

With NEM-Watch v8, we make this much easier for you to do (because of a greatly enhanced display), as shown here:

An image of the FCAS map

This is a massive improvement that took many weeks of development to implement, and we're very sure you will gain considerable value from it (especially as it is included in every Model of NEM-Watch)


Reason #40)   Inclusion of FCAS Transfer Limits
for a fuller picture

As shown in the image above (Reason #39), we have included the published, dynamic, FCAS transfer limits for each interconnector (there is nothing published in terms of actual transmission, as FCAS is a intangible commodity).

This is something that is new to v8.


Reason #41)   Cumulative Price for each FCAS Commodity
is also included

As shown in the image above (Reason #39), the display also includes a separate Cumulative Price for each region, for each FCAS Commodity.


Reason #42)   Playback through a FCAS commodity
enables you to delve deeper

Feel free (during your trial of NEM-Watch) to check out how the Playback (and Playforward) functionality also works through the permutations of:
(a)  whichever energy/FCAS layer you have selected; and
(b)  Playback (through Trading or Dispatch) or Playforward (through Trading Predispatch).
It's actually 27 permutations of base options, so we're sure you can find one that suits your purpose!


Platinum Gold Silver Bronze Publisher
39)   8 Separate Layers for FCAS Commodities YES YES YES YES YES
40)   Inclusion of FCAS Transfer Limits YES YES YES YES YES
41)   Cumulative Price for each FCAS Commodity YES YES YES N/A YES
42)   Playback through each FCAS Commodity YES YES YES YES YES

 

Click here for a free 7-day trial of the software

Up and running in about 5 minutes,
if you have admin rights on your PC.

Click here to get started, right away, with your annual licence

Start your licence at your convenience,
from only $1,100 inc GST.
Existing clients, click here for upgrade instructions

Existing clients are
upgraded for free!

Reason #43)   Reconfiguring Local Alarms
to give you greater flexibility

Previous versions of NEM-Watch had included a Local Alarms capability that has been very powerful BUT which was confusing in its layout to the point where we had many clients confused, and hence not benefiting from its full value.

With NEM-Watch v8, we have made a great effort to make the Local Alarms functionality much clearer, as shown here:

Main Menu for the Alarms

As noted in the above image, the Local Alarms (which are checked within your copy of NEM-Watch, whenever it is running) have been separated into two core functions:
(a)  Alarm Criteria (which can be singular or multiple); and
(b)  Alarm Action(s) (which can be singular or multiple).

More details about Alarm Criteria:

To give you a fuller understanding of the power that is unlocked through this re-organisation of the Alarms Module within NEM-Watch, we have included some screenshots below of the types of alarm rules that you can define:

Some sample Alarm Rules for Alarm Criteria

As indicated in this image, NEM-Watch will let you check the NEMMCO and (BOM) weather data as alarm criteria - and to perform a range of checks on this data.  Data not currently provided for in the Alarms are:
(a)  WEPI Data; and
(b)  Water Storage Levels.


More details about Alarm Actions:

Some of the reasons below provide more discussion about the NEW types of actions permitted in version 8.

For now, just note that you can specify one (or more) actions to occur when your Alarm Criteria are met.


As you would understand from the explanation above, this is a massive improvement that took many weeks of development to implement, and we're very sure you will gain considerable value from it (especially as it is included in all Models of NEM-Watch, to varying degrees - with the exception of Publisher, which cannot run Alarms because of its own special functionality)


Reason #44)   Alarms can be turned "ON" or "OFF"
to give you greater control

Once you realise the value available to you in the NEM-Watch alarm module, you may well configure a large number of these some of which you only want to have active at particular times in the year.

As an enhancement that's new to v8, you are now able to easily turn these alarms ON or OFF at will (i.e. previously they were all assumed to be ON, and you needed to delete the alarm to turn it OFF, hence this is a much more convenient solution).

Turning an Alarm ON or OFF

For instance, it might be an alarm set to look at a particular region's demand above a certain amount (something relevant to spring and autumn, for instance) but you obviously don't want it triggering every day in summer/winter.


Reason #45)   Alarms can be copied
for faster set-up

Something to make it a bit easier to configure a long series of alarms that are very similar to each other, such as shown in this example:

Copying Alarms makes a series much quicker to set up

 


Reason #46)   Alarm Criteria - Different ways to combine rules
are now possible

New to v8 (Silver, Gold and Platinum), you are able to combine rules with AND, OR, AND NOT and OR NOT joiners to make more complex queries, such as shown here:

More complex queries

This unlocks more of the power of NEM-Watch for you - and we'd like to hear from you if you would like to see us go further, in this respect (please call us on +61 (0)7 3368 4064 to let us know).


Reason #47)   Alarm Criteria - Alarms with reference to IRPM in Economic Islands
so you won't miss a moment...

To ensure you don't miss what happens in the market (even when away from your desk, or out for the weekend, etc...) we've augmented the Local Alarms feature within NEM-Watch to include reference to Economic Islands.

Alarm Criteria for Economic Islands

Couple this criteria with the Action to email/save a snapshot and you will quickly build up an electronic record of significant NEM events.


Reason #48)   Alarm Actions - Sound alarms are more flexible
for greater benefit

For NEM-Watch v8, you are now able to configure your audible action to:
(a)   Play once;
(b)   Loop continuously until acknowledged or the criteria reverses (for something you did not want to miss); or
(c)   Loop continuously until acknowledged EVEN IF the criteria reverses (for something you REALLY did not want to miss)!

Alarm Actions - Sounds

As shown here, we have included a range of standard sounds that you might want to use in your alarms, but you are equally able to use your own WAV files - perhaps even a recording of what you expect the listener to do...


Reason #49)   Alarm Actions - Pop-up "Toasts" are now possible
as a new action

New to version 8, NEM-Watch can also launch pop-up "toasts" (which are messages that will appear in the bottom-right of your display when your criteria are met).

Alarm Actions - Toasts

You can customise the text displayed when these toasts emerge - perhaps even providing instructions for what you expect the reader to do...


Reason #50)   Alarm Actions - Email address book is available
for easier configuration

For several versions, you have been able to ask NEM-Watch to send you (or other people) an email when your criteria has been met.  New to v8, we have included an address book within NEM-Watch to make your job much easier if people change addresses, or positions change etc...

Alarm Actions - Address Book for ease of configuring email actions

Incidentally, this is the same address book illustrated above in Reason #38 - meaning you only need to store addresses in one location.


Reason #51)   Alarm Actions - External Program can be run
for greater benefit

New to NEM-Watch v8, you are now able to configure your copy of NEM-Watch to launch an external application when your Criteria are met:

Alarm Actions - Launch an External EXE

It can be any external application - you just need to point NEM-Watch to the EXE, and NEM-Watch will do the rest, when your criteria are met.


Reason #52)   Alarm Actions - Trigger the saving of a snapshot
to build your reference library

We have a display copy of NEM-Watch set up in our office that runs continuously, and has a whole series of alarms (perhaps 50 or more) set up watching different criteria, such as:
(a)  Price high (or low);
(b)  Demand high;
(c)  Interconnectors constrained;
(d)  IRPM low;
(e)  Temperatures high (or low);
(f)  Market notices containing keywords of interest.

For many of these alarms, we have it send ourselves an email with a current market snapshot attached.  For us, this serves the dual purpose:
(a)  It ensures we are aware of what's happening in the market; and
(b)  We save these screenshots to an electronic library we have accumulated, which we find of use as we provide commentary about the NEM online.

You may not want so many emails, however (it can be overwhelming, at times of market stress), so (new to v8) we provide you the option to just have NEM-Watch save an image of what's happened locally, to a file path you specify in advance.

Alarm Actions - Save an Current Market Snapshot to a Local Network directory

Use this feature to start building up your own electronic portfolio of interesting NEM events....


Platinum Gold Silver Bronze Publisher
43)   Reconfiguration of the Local Alarms YES YES YES YES N/A
44)   Alarms can be turned ON or OFF YES YES YES YES N/A
45)   Alarms can be copied YES YES YES YES N/A
46)   Better ways to combine alarm criteria YES YES YES N/A N/A
47)   Alarms with reference to Economic Islands YES YES N/A N/A N/A
48)   Sounds can be Looped as an Action YES YES YES YES N/A
49)   Inclusion of "Toasts" as Alarm Actions YES YES YES YES N/A
50)   Email Actions easier with the Address Book YES YES YES YES N/A
51)   More flexibility as Alarms can Trigger external EXE YES YES N/A N/A N/A
52)   Triggers saving of snapshot YES YES YES YES N/A

 

Click here for a free 7-day trial of the software

Up and running in about 5 minutes,
if you have admin rights on your PC.

Click here to get started, right away, with your annual licence

Start your licence at your convenience,
from only $1,100 inc GST.
Existing clients, click here for upgrade instructions

Existing clients are
upgraded for free!

Reason #53)   New SMS Alarms - on predispatch pricing
for more comprehensive awareness

Remote Alarms were added to NEM-Watch with version 7:

Remote Alarms are checked on an InfoServer replica database remote from your copy of NEM-Watch, so they work even when your copy of NEM-Watch is not running and hence can provide some added redundancy for you.

What's more, the SMS Alarms triggered in this manner can be sent to any numbers stored in your address book (i.e. more than just you).

In the process of upgrading to v8, we have also enhanced the SMS capability delivered to you through NEM-Watch (Platinum Model only).

Remote Alarms - Configuring your SMS alarms to reference predispatch pricing

As shown above, SMS Alarms can now be configured in relation to NEMMCO's 30-minute predispatch price forecasts.

 

Reason #54)   New SMS Alarms - on interconnector flow
to keep an eye on regional significance

As shown below, the Remote Alarms can now be set up in relation to Interconnector Flow, or Interconnector Constraint Limits (in either direction).

Remote Alarms - Configuring your SMS alarms to reference Interconnector Flow, or Constraints

As noted on the diagram, there are other enhancements we still have on our list of "Things to Do".

We'll continue to work on these into the future, and will roll them out as they are ready.  Keep in mind that existing clients gain free access to version upgrades as they are released (such as we are providing, now, in upgrading clients from v7 to v8).

 

Reason #55)   New SMS Alarms - on market notices
to monitor NEMMCO's communications

NEMMCO issues Market Notices, in the course of operating the market, to explain to Market Participants the steps that it has taken in these operations.

Remote Alarms - Configuring your SMS alarms to reference NEMMCO's Market Notices

It may be that some of these Market Notices provide some details that will answer questions you may have about the way the NEM is operating.

 

Platinum Gold Silver Bronze Publisher
53)   New SMS Alarms - on predispatch pricing! YES N/A N/A N/A N/A
54)   New SMS Alarms - on interconnector flow and constraints! YES N/A N/A N/A N/A
55)   New SMS Alarms - on market notices YES N/A N/A N/A N/A


Reason #56)   A new NEM-Watch portal
is on the way!

In the process of developing version 8, we spent considerable time updating the NEM-Watch portal, which is at this address:

www.NEM-Watch.info

However, we've since been looking at how our clients are using this service, and have found that many can't find the information they are looking for (even though it's there).  Hence, we've embarked on a process of massively overhauling the site (basically, starting again) and will have this up in a couple of weeks.

We did not want this to delay your enjoyment of v8 any longer, though - so please check back in June to see how it has changed...

 

Platinum Gold Silver Bronze Publisher
56)   New NEM-Watch Portal for all clients! YES YES YES YES YES


Reason #57)   $100 JB Hi-Fi Voucher
as special thank-you for reading!

We realise that this email is a little longer than the normal one - and that not everyone will make it all the way to the bottom.

Hence, we'd like to offer a small token of our appreciation to you for making it this far with us (and, we hope, learning a little more about the many ways we've enhanced NEM-Watch for your viewing enjoyment).

To claim, we'd ask you to do the following:
(a)   Give us a call
(b)   When prompted, give us your details
(c)   The first 5 callers will each be posted a $100 JB Hi-Fi voucher (NOT open to employees, shareholders and other general hangers-on of GLOBAL-ROAM Pty Ltd).

Note that these vouchers were snapped up very quickly, hence you will have to look out for future emails for your chance for a similar thank-you.

 


 

Even prior to this massive upgrade, since its first release in 2000 NEM-Watch had grown to become the standard view of the market for hundreds of market participants and observers, including:

(a)   Generators;
(b)   Retailers;
(c)   Traders;
(d)   Fuel Suppliers;
(e)   Market Operator (by which we mean NEMMCO and the brokers);
(f)   Transmission and Distribution companies;
(g)   Energy Users;
(h)   Governments, and Government Departments;
(i)   Regulator;
(j)   Investor;
(k)   Equipment Suppliers;
(l)   Services Providers (by which we mean consultants, and a wide range of "other" businesses and organisations).

Note that these pages were not updated with the upgrade to v8 so they are perhaps 2 years out of date.  There have been a number of new clients join us (that are not shown in this listing), and a very small number of clients who have discontinued (which we have not had time to remove).  Also, keep in mind that there were others who explicitly requested us not to list - hence these lists should be viewed as a general guide only.

With the release of v8, we firmly believe that we've delivered a massive increase in the value you can obtain through your own copy of the software.

Click here for a free 7-day trial of the software

Up and running in about 5 minutes,
if you have admin rights on your PC.

Click here to get started, right away, with your annual licence

Start your licence at your convenience,
from only $1,100 inc GST.
Existing clients, click here for upgrade instructions

Existing clients are
upgraded for free!

 

We look forward to continuing to be of service as we approach our 10th birthday.

In other news...

1)     NEM-ReviewTM v6 is in development ... BETA testers wanted!

Adam has put together version 6.0.3, which is running in-house, and we'd invite people to volunteer to be BETA testers of the new version, as it takes shape.   Call us (+61 (0)7 3368 4064) to volunteer!

2)     Live intra-regional transmission flows!

Don't forget to give us a call (+61 (0)7 3368 4064) if you'd like to know more about how we can provide you with live intra-regional transmission flow data...

3)     For large energy users

Stay tuned (in a couple more months) for the launch of a new service that will provide you with added advantage in maintaining lower energy costs....


Let us know how we can serve you best!

 

Best regards,

Paul McArdle
Managing Director

GLOBAL-ROAM Pty Ltd

... delivering Clarity, Convenience and Cost-Effectiveness
          through infomation systems that
          make the NEM understandable

www.global-roam.com

View Paul McArdle's profile on LinkedIn

Brisbane
tel +61 7 3368 4064
fax +61 7 3368 4068

Toronto
tel +1 416 628 1366

PO Box 1466
Milton QLD 4064
Australia