This NEMwatch snapshot from 20:05 highlights that, whilst ‘Market Demand’ continues to drop into the evening, there has also been reductions in Available Generation in NSW and QLD (both under Administered Pricing now) and also in VIC:
The net result of this is that the IRPM has dropped to 9% again this evening.
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.
Alarms in one of our NEMwatch dashboards alerted me to the plunging level of Scheduled Demand seen this afternoon in the the Victorian and South Australian regions of the NEM – a new record low point for South Australia.
A short look at this afternoon’s pricing volatility in the South Australian region with what appears to be coincident trips at 2 related Large Solar Farms.
AEMO has adjusted the formula (i.e. constraint equations) used to manage system strength in South Australia, which has been (since mid-2017) by constraining down the output of wind farms under certain conditions.
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