A quick update using the following NEM-Watch snapshot from 11:10 NEM time (so 12:10 in NSW):
As annotated on the snapshot, the AEMO’s current run of predispatch forecasts (updated every half-an hour) show an increase on the demand forecast noted earlier today – with the current expectation being a new record Scheduled Demand up at 11,734MW for NSW at 16:30 NEM time (so 17:30 Sydney daylight savings time).
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.
One of 12 articles on the months past in the NEM. June has brought us several cases of “economic witholding of capacity” – particularly in 2002, and in 2007 the NEM had a very interesting week in which the IRPM plunged to its lowest level ever.
We’ll explore ‘what’s changed?’ more in subsequent articles – but in this article just want to flag the Market Notice updates around 05:00 (NEM time) this morning with forecast load shedding for Monday and Tuesday next week growing more extreme …
As always there will be blame games, South Australia’s problems are home grown with renewable energy and poorly performing gas markets have taken their toll there.
But all in all, it is just too darn hot and AEMO have a tough 3 days ahead. Good luck.
As always there will be blame games, South Australia’s problems are home grown with renewable energy and poorly performing gas markets have taken their toll there.
But all in all, it is just too darn hot and AEMO have a tough 3 days ahead. Good luck.