A quick note, including a snapshot taken on Monday 27th June combining NEM-Watch and GasWatch to record how a confluence of factors (including high gas prices, low wind production and post-closure of coal generation at Northern) was leading to higher prices that day in the South Australian region.
Of course, a one-off 5-minute dispatch price of $410.42/MWh is not so exceptional – what’s more exceptional has been how prices have been consistently higher for a longer period of time – such as can be seen here in this trended chart from NEM-Review highlighting daily average prices for the past (approx) 540 days:
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.
Hot on the heels of a new record low point for Scheduled Demand (a week ago) in VIC, today sees Scheduled Demand in SA plunge to 315MW in the 11:50 dispatch interval on Sunday 13th September 2020.
We noted yesterday (Wednesday 10th June) that NEM-wide demand climbed past 32,000MW for the first time this winter.
The following evening saw demand climb to similar levels (a peak of 32,054MW at 18:20 – so 35MW higher than the previous night). However the situation on Thursday night was different in two key ways…
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