As a short PS to last Thursday’s note about the shaky state of Tassie electricity supplies, and prior to the EUAA 1/2 day session in Hobart next Tuesday (will look forward to seeing you there, if you are going), here’s a quick PS to highlight how the diesel gensets have started to appear in the AEMO data set – and hence are being fed through to NEM-Watch and our other products, as highlighted in the snapshot from today:
However for general industry “hobby” observers, we have provided the RenewEconomy-sponsored NEM-Watch widget as a free (and freely embeddable) version to keep an eye on how the generation mix will change in the coming weeks and months.
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.
This week saw very low average prices across the NEM (below $21/MWh average across the week in all mainland regions).
Except for 2 half-hours in Tasmania on Tuesday 7th February (when the price rose to just over $1,000/MWh), prices in Tasmania remained at and around $30/MWh for the whole week.
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.
With a severe weather warning issued for much of Australia (with Sydney and Brisbane almost being the only exceptions) and lasting several days, it’s timely to look at what AEMO is forecasting demand to be in the week ahead.
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