It’s very hot and humid today outside, when heading out for lunch as Monday’s heat has continued.
The following snapshot from NEM-Watch at 13:50 market time highlights how Queensland demand has climbed above 8,200MW and (if the AEMO’s predispatch forecast comes true*) will reach 8,443MW around 17:00
* one of the factors that might prevent the demand reaching this mark is if the storm activity (as noted in this tweet) arrives in the south-east earlier than that time:
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
Some high temperatures in Victoria and South Australia drive demand higher and, because of transmission constraints, the IRPM in the Economic Island lower.
An extra-ordinary weekend in Queensland, where the mercury stays up and so does electricity demand and (as a result, plus with some help from other factors) so does price.
With the benefit of more data available today, can piece together why there was the sudden drop into LOR2 territory on Saturday 1st February 2020 (something that alarmed me, and resulted in AEMO directing a participant to make capacity – just withdrawn – available again).
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