Whilst working on other things, the red price boxes in NEM-Watch and audible alerts drew our attention to the fact that the summer temperatures in Victoria have driven demand out of the green zone today – and, whilst still 2,000MW below its all-time record, have contributed to the first price spikes of summer:
Stay tuned to WattClarity to see how this summer evolves – and for your chance to enter our traditional summer competition and your chance to win.
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients.
Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.
Augurs to be an interesting day in South Australia today, with two (now three) price spikes already this morning – due in part to no supplies from coal, or from wind.
Worth a short note with this NEMwatch snapshot highlighting that the Victorian ‘Market Demand’ has reached 9,433MW this afternoon at the 17:35 dispatch interval already on Sunday 2nd February 2025
In this article we look again at Tuesday 13th February 2024 (Victoria’s ‘Major Power System Event’) and sum up the impact of the event on net exports from Victoria over a 14-hour period, but particularly around ~13:08 when the towers were downed.
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