For two remarkable winter evenings in 2007 (19th and 20th June specifically) NEM-Wide Instantaneous Reserve Plant Margin (IRPM) plunged to the lowest levels ever seen in the NEM (a mere 7.6%) as generators were caught short of capacity by a cold snap that hit earlier than expected, whilst plant was still out for maintenance and other plant still suffering from drought-inflicted limitations of capability.
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Paul McArdle
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Paul McArdle Mon 26th February 2024
Volatility in QLD and NSW on Monday 26th February 2024
A short record of evening volatility in Queensland and NSW on Monday 26th February 2024.
Paul McArdle Sun 19th March 2006
23rd January 2006 – new record for peak NEM-Wide demand
Based on forecasts NEMMCO had been providing through their PASA process, we expected that it might prove that this week would deliver huge demand levels, and high prices.
Not to disappoint, the market did deliver high levels of demand in all regions:
(a) Peak demand levels were reduced somewhat from the huge levels the previous week in Victoria and South Australia;
(b) Demand levels were also still building to the record level to be experienced the following week in NSW;
(c) Peak demand levels in Queensland were fairly steady (and high) for most weeks of summer.
(d) In combination, a new NEM-wide peak demand target of 30,994MW was set on Monday 23rd January.
Paul McArdle Mon 11th March 2024
Spot price volatility in South Australia on Monday 11th March 2024
A short record of the start of some price volatility in South Australia on Monday 11th March 2024.
Paul McArdle Wed 7th September 2022
There’s plenty of wind, but the SA price is still spiking today (Wed 7th Sept 2022)
A quick marker for some volatility thus far today in South Australia.
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