As forecast on Friday, we’re seeing moderately high demand in SA and VIC on Saturday evening 9th March 2024.
Here’s a snapshot from NEMwatch at the 18:25 dispatch interval showing ‘Market Demand’ in both regions out of ‘the green zone’ – with SA at 2,726MW and VIC at 8,303MW:
There’s still a bit of wind around this evening in SA (and also in VIC), which is one reason that prices, whilst elevated somewhat, are not sky-high.
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.
At 08:53 on Monday morning 4th November 2024, AEMO published MN119852 looking forwards to this coming Sunday 10th November 2024 and a (first ever?) forecast MSL2 condition for Victoria.
Guest author, Allan O’Neil, contributes his first article with respect to the islanding event in South Australia of November 2022 (in this article taking a look at FCAS market outcomes in South Australia).
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
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