A quick post today to mark (with reference to our summer challenge) the highest demand across the NEM thus far – 31,099MW at 15:40 yesterday. This is shown in this snapshot from NEM-Watch:
Demand in Queensland is shown in the orange zone above – it rose a little more, to peak at 8304MW at 16:20 on the day (still 700MW or so off a record).
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.
Carl Daley of EnergyByte, examines recent energy and gas price volatility, leading to the conclusion that the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.
Beginning prior to 7am and progressing through the morning of Wednesday 2nd January 2013, there was significant volatility in the Queensland region of the National Electricity Market – including four spikes at or above $1,000/MWh.
Here’s a walk-through of how it unfolded, with some pointers to some of the contributing factors.
Second day in a row the price spikes in the NSW region … higher and longer than yesterday. Low aggregate production from Wind and Large Solar across NSW today was clearly one other factor that contributed.
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