Following the development of the demand response – focused information service over at www.DemandResponse.com.au, and recent developments in the South Australian region of the NEM, I have provided a follow-on article there:
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Deja-vu all over again in South Australia this evening, with load shedding invoked due to climbing (hot-weather fuelled) demand, and insufficient local generation supplies.
On the 4th of February at around 11am energy users in NSW appear to have curtailed their load in response to high prices, resulting in a significant drop in demand. Simultaneously, network conditions and generator rebidding caused the NSW pool price to jump back and forth between extreme prices close to VOLL ($10,000/MWh) and the Market Floor Price (-$1,000/MWh).
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