1) Both VIC and SA are out of the ‘green zone’ signfying relatively high ‘Market Demand’ in relation to historical records … though still below the red-line ‘all time maximums’.
2) Prices in this dispatch interval have just risen above $1,000/MWh for the first time, after being in the range $300/MWh to $1000/MWh for a few dispatch intervals previously
3) The sun is setting, and so is solar yield – and this unfortunately coincides with a lull in wind production (which we’d seen in these forecasts on Friday).
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.
An old adage runs that to eat an elephant, it’s best to proceed in small servings. With a very eventful Q2 in the NEM not yet finished, the number of headline events is already large enough – unexpected price volatility…
Alarms in one of our NEMwatch dashboards alerted me to the plunging level of Scheduled Demand seen this afternoon in the the Victorian and South Australian regions of the NEM – a new record low point for South Australia.
Guest author, Allan O’Neil, provides us an update today on what we can see about summer 2019-20 (in the physical market, and the financial market), now that it is only just around the corner.
Be the first to commenton "Elevated prices (and demand) in VIC and SA on Sunday evening 10th March 2024"
Be the first to comment on "Elevated prices (and demand) in VIC and SA on Sunday evening 10th March 2024"