Whilst the heat down south has dissipated, Queenslanders have been sweating through some hot and humid days over the past week – these conditions drove electricity demand in Queensland into out of the “boring” green zone and into the orange zone above 8,000MW this afternoon.
Taking advantage of the higher demand, generators were able to enjoy a couple of price spikes through the day – such as this spike to the Market Price Cap (MPC) of $13,100/MWh (formerly known as VOLL) snapped from the newly released NEM-Watch version 9:
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.
The dispatch price in Queensland spiked to $1,500/MWh at 18:25 and again at 22:40 yesterday evening – triggering jitters in some who fear a return to the volatility of summer 2013.
Our guest author, Mike Williams, has posted some analysis (over on the specially-focused Demand Response site) looking at the benefits of spot exposure and Demand Response in Queensland
What’s shown in the NEM-Watch snapshot above above are boundaries between NEM Regions, as distinct from state boundaries (though in practical terms it’s pretty much the same thing at present).
Hence, it’s more a matter that Canberra is tightly meshed in the NSW region so does not need its own pricing region – moreso than the fact that its electricity demand is relatively small.
For many years at the start of the NEM there was a Snowy Region between NSW and Victoria – as captured in this snapshot on 7th December 2005. Snowy was abolished from 1st July 2008 with part allocated to NSW and part in VIC.
Is the ACT too small to be included ?
Thanks for the question, Keith
What’s shown in the NEM-Watch snapshot above above are boundaries between NEM Regions, as distinct from state boundaries (though in practical terms it’s pretty much the same thing at present).
Hence, it’s more a matter that Canberra is tightly meshed in the NSW region so does not need its own pricing region – moreso than the fact that its electricity demand is relatively small.
For many years at the start of the NEM there was a Snowy Region between NSW and Victoria – as captured in this snapshot on 7th December 2005. Snowy was abolished from 1st July 2008 with part allocated to NSW and part in VIC.
Does this answer your question?
Paul