The temperature reached 34 degrees in Brisbane today – with thunderstorms predicted to sweep through the south-east corner, bringing with them a cool change and localised disruptions to power supplies.
In the following snapshot from NEM-Watch (at 14:05) we see that the demand in QLD had climbed to 8,895MW (just below the all-time record of 8,943MW on a dispatch demand target basis – explained here).
Energex tweeted that the demand on their network had been the highest experienced this summer.
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.
For only the 5th time in 11 years of NEM history (and the 3rd time for South Australia) four consecutive days of price spikes have forced the Cumulative Price to the Threshold, and AEMO has imposed price caps to prevent retailers from going bust.
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian generators that the Cumulative Price Threshold was reached in South Australia and, under NEM Rules, an Administered Price Cap was applied for a period of time.
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