Worth a short follow-on article (given the extreme level of demand experienced in QLD today … on a very hot, but ordinarily very ‘sleepy’ period between Xmas and the New Year) to take a quick look at tomorrow….
1) See how the levels of ‘Market Demand’ seen today (for the half hour periods ending dispatch intervals HH:00 and HH:30) cranked well past AEMO’s earlier forecasts; at the same time as
2) AEMO’s current forecasts for tomorrow are sitting substantially higher than their earlier forecasts for the afternoon/evening just passing.
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.
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…
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland – but the price spikes did not transfer to the southern regions.
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