In addition to what’s happening in Victoria today (documented in Part 1 and Part 2 and Part 3) it’s worth noting a new lowest point for SA ‘Market Demand’ as well.
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.
With forecasts for a very, very low level of ‘Market Demand’ tomorrow (Sat 26th Oct 2024) in NSW, here’s a longer term trend to show how it would fit in context.
For only the 5th time in 11 years of NEM history (and the 3rd time for South Australia) four consecutive days of price spikes have forced the Cumulative Price to the Threshold, and AEMO has imposed price caps to prevent retailers from going bust.
1 Commenton "Also new ‘lowest ever’ point for Market Demand in South Australia on Sunday 31st December 2023"
Umm … the more interesting “records” will be curtailment? … in order to maintain demand generation balance ?