Fair enough for VIC and SA (as they are unaffected by this heatwave now, having had their share beforehand),but it’s understandable that people are asking questions about what’s happening in NSW and QLD!
In the 17:05 dispatch interval we see the Queensland price jump right back up to $12,594/MWh as shown in this NEMwatch snapshot here:
This whole day (actually, a couple of days) is going to take some focused analysis … and remember that we did away with the 5/30 issue with the commencement of Five Minute Settlement on 1st October 2021!
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.
The volatility of the NEM was showcased again on Monday as South Australia experienced two major price spikes in the space of an hour. Using NEM-Watch’s play back feature (screenshot below) we were able to relive when the two price spikes hit.
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