Morning prices persist in the South as chill remains

Posted by Paul McArdle Monday, July 21 2014 Topic: Winter 2014 in the NEM

We’ve been watching the morning spike in prices persist a little longer than usual today as a result of the cold weather persisting later into the morning.

As shown in this snapshot of 10:05 today from NEM-Watch, demand in Victoria at 10:05 remains in the green zone (and demand in Tasmania relatively high, on a chilly morning):

2014-07-21-at-10-05-NEM-Watch

Also, note in the snapshot above that the wind died away in Victoria Saturday morning and has not yet returned.  This, coupled with reduced output from brown coal plant, has handed more share of the market to hydro and gas.

Further north, we see Queensland prices again in the twenties, and NSW prices not that much higher.

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About the Author

Paul McArdle
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.

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