At a macro perspective, the following snapshot from NEM-Watch(beta of version 9) clearly shows a significant drop in electricity from brown coal power stations in Victoria and South Australia, compared to what would typically be the case.
Thankfully the temperatures have dropped, also, and so demand in Victoria is considerable lower than the levels seen late last week – otherwise the tight supply/demand conditions of a few weeks ago could have been repeated.
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.
Capping off a weekend of new low points for minimum demand in NSW, and NEM-wide (and some near misses elsewhere) this table sums up where the low points sit.
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
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