I have to be out of the office for the rest of the afternoon so have made this post a little early, recording a higher demand day in Queensland with a snapshot from NEM-Watch:
So far today the highest the demand reached (when measured on a Dispatch Target basis) was 8,388MW (at 15:30), which is still short of the 8,943MW maximum recorded shown in the software
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.
Just as had been forecast, Tuesday 13th January 2009 saw hot, dry weather roll in across South Australia, and then into Victoria. The high temperatures caused demand to climb, but not to the level at which NEMMCO had forecast demand to climb over the summer period. As a result we saw the price in SA jump to a level near VOLL at 13:40, and remain there until about 18:00 (i.e. more than 4 hours).
This article was written prior to 2nd February and drew from the insights gained with our NEMforecastTM product to highlight the looming issue of the tight supply/demand balance forecast for 2nd February 2006.
A quick look at how Victoria and South Australia fared on Tuesday 28th, given the predictions of a return to hot weather at a time when schools and businesses are back to work.
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