One image from NEM-Watch today to record a higher demand day in Queensland driven as the heat wave that afflicted NSW yesterday and the southern regions last Friday.
What’s most noticeable in this snapshot is how NEM-wide demand is amazingly low, for a summer week-day (because of the much milder conditions down south that are hopefully assisting with containment of the bushfires burning there).
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
On a day when high temperatures drove demand in Victoria above 9,000MW (and NEM-wide demand above 30,000MW) we saw some price volatility – with prices in VIC and SA up around $14,000/MWh
Following several different warnings of high temperatures forecast for the lead-in to Tuesday 26th January 2021 (whatever you want to call that day) I’ve taken a quick look at what it’s currently forecast to mean for the NEM…
On 19th January, high prices were sustained in SA for several hours, bringing the Cumulative Price within a whisker of the $150,000 threshold, at which prices would be capped.
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