A short note with a snapshot from NEMwatch at the 16:00 dispatch interval (NEM time) to record ‘Market Demand’ in NSW and QLD well out of the ‘green zone’ due to elevated temperatures that have moved north out of Victoria, as Ben Domensino noted that they would:
This is even before rooftop PV has set … so makes one wonder where demand will peak later 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.
Volatility in Queensland on a sizzling Saturday drives the Cumulative Price more than half-way to the Cumulative Price Threshold (where price caps would be imposed).
Some tips about how you can use NEM-Watch v9 to narrow down your entry to Competition #2 this summer (peak QLD Regional Scheduled Dispatch Demand Target for extended summer period)
Taking a brief (well, actually longer than intended) look into the various factors that delivered a price spike above $10,000/MWh on Thursday 31st January in NSW – and thinking through the implications for one particular Demand Response client, and for the broader market.
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