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.
It was an article in the AFR, on the 6th of February 2024, that drew our attention back to generator closures. Engie have announced the early closure of Snuggery and Port Lincoln Power Stations.
On Sunday 31st October 2021 we see minimum demand level drop considerably lower for the South Australian region … and also a new record set on a NEM-wide basis.
There was an ‘Evening blast of spot price volatility in South Australia on Monday 23rd September 2024’ … roughly 6 weeks ago. Today, for several reasons, we start to take a closer look.
DTN (a.k.a. Weatherzone) says tomorrow South Australia might see ‘hottest day in 5 years’. Well, correlated with that, AEMO forecasts show it might see highest ‘Market Demand’ in 11 years!
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