And so it begins this evening, with an SMS alert highlighting the drop in Instantaneous Reserve Plant Margin (IRPM) to only 13% this evening … here it is, in a NEMwatch snapshot from 17:30:
Note that the Cumulative Price for the NSW region is now above $1,200,000 … so it seems likely NSW will also be under Administered Pricing by tomorrow morning…
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.
An animated walk through 19 hours of Saturday 14th January 2017 in the Queensland region of the National Electricity Market – a day we dubbed “sizzling Saturday” not least because of extreme price volatility
It’s not officially summer, yet – but it sure seems like it is across QLD and NSW. High temperatures drive some prices spiking up to the Market Price Cap in both ENERGY and some FCAS commodities as well…
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