… and whilst we are talking about high points for ‘Market Demand’, here’s a snapshot from NEMwatch at 17:35 with the NEMwide demand level at 32,840MW (by that measure):
At this point, that’s a little below the highest point thus far today (32,921MW at 17:05) … but again let’s see what happens as rooftop PV sets for the evening… (almost gone in Brisbane now).
Clearly we can see the three large regions are each well out of their ‘green zone’ in terms of the relative range of demand.
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.
Prompted by last Friday’s publication of the AER’s ‘Wholesale Markets Quarterly’ for Q2 2021, here’s a tabulated summary of some of the contributing factors of spot price volatility (and hence high average prices) for the quarter – particularly for QLD and NSW.
Just over 24 hours from making these comments, we saw prices jump sky-high in the mainland regions, and go the other way (to the negative price cap) in Tasmania.
AEMO forecasts NEM-wide demand to exceed 32,000MW tomorrow (Monday 18th December), which is far higher than seen in December 2016, and one reason for the LOR1 low reserve notices.
2 Commentson "NEM-wide ‘Market Demand’ soars to 32,921MW on Thursday 22nd February 2024"
This will be interesting when subsidies for rooftop solar are removed the amount of systems will reduce over time as they start to fail creating more demand for the house hold that didn’t consume and for not being able to supply the network what it needs
The market price in SA and Vic are often very interesting. Yesterday in SA was once again interesting.
This will be interesting when subsidies for rooftop solar are removed the amount of systems will reduce over time as they start to fail creating more demand for the house hold that didn’t consume and for not being able to supply the network what it needs