Is the bottom going to fall out of the NSW ‘Market Demand’ tomorrow (Saturday 26th October 2024)?

It was only 5 days (on Sunday 20th October 2024) when we wrote about ‘New ‘lowest ever*’ point of NSW ‘Market Demand’, on Sunday 20th October 2024’ with ‘Market Demanddown at 3,150MW at the 12:45 dispatch interval.

So it was with some interest that a client let me know of what they’d seen in their own copy of ez2view late this afternoon, and which I have represented here in two copies of ‘Forecast Convergence’ side-by-side:

1)  focused on the 13:00 dispatch interval in the P30 predispatch

… remembering Tripwire #1 and Tripwire #2 that arrived with the advent of Five Minute Settlement.

2)  with ‘Market Demandpossibly down at 2,678MW

3)  which would be (if the forecast holds true) a massive 472MW drop (or 15% lower) than the ‘lowest ever*’ point set just last weekend!

Yikes!

2024-10-25-at-19-55-ez2view-ForecastConvergence-NSW-TotalDemand

We’ll see what actually happens tomorrow!


About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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