As we have the time, we’ll provide some commentary here about the methods used by the various bodies for “long term” (which in the NEM means 10-years, typically) forecasting.
Where they don’t fit elsewhere, we’ll also put articles here looking at longer-term trends in the historical data.
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.
As at 13:45 on Friday 13th December, the peak demand (measured as ‘Market Demand’ ) forecast for Monday is 33,718MW in the half-hour ending 18:00 (NEM time). In the last 17 years there have been only 9 months seeing higher level of demand.
On Wednesday 10th June 2009, temperatures plunged across the NEM for the first time this winter, providing a long-awaited dump of snow to start the season, and driving electricity demand high.
A review of the high demand periods over summer 2017/18 highlights the important contribution renewable generation is making to meeting peak demand and addressing the reliability of the power system.
With forecasts for low demand tomorrow (Sat 28th Sept 2024) in VIC during the middle of the day, we take a quick look at how forecasts compare to prior low points.
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