The heat from yesterday in Victoria made its way north across the Murray river border today, leading to (somewhat) higher demand in NSW – as seen in the following snapshot from NEM-Watch at 16:20 market time:
As noted in the snapshot, demand at 16:20 was 12,380MW (pushing into the yellow zone), and forecast to be higher tomorrow – though still a long way below the all-time maximum demand.
It would be, if it holds true to forecast, the highest so far this summer, though – higher than that seen in NSW on 21st January.
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 day is not over yet, but we thought you would be interested in the attached snapshot highlighting the first of the occasions on the day when prices jumped to VOLL in SA and VIC as a result of searing temperatures stopping the tennis, and melting VIC and SA into new demand records for each region.
Summer 2007-08 was really a story of two different summers, with very mild temperatures experienced in the north (resulting in low levels of demand) but with sweltering temperatures in the south (and huge demand as a result). This does not…
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