AEMO’s Quarterly Energy Dynamics (QED) for 2024 Q4

We don’t always get time to note it (or read it!) but worth noting this time that the AEMO has released its Quarterly Energy Dynamics for 2024 Q4:

 

The Report Other Materials

You can download the 87-page PDF of the report here:

2024-01-30-AEMO-QED-2024q4-CoverPage

Further information published at the same time by the AEMO, including the Workbook, is on the AEMO website here.

 

With respect to this QED, readers might like to note the following….

 

(A)  What AEMO notes about the report

Coincidentally, the AEMO released this Media Release ‘National Electricity Market hits new demand and renewable energy records in December quarter to accompany the report.

In this, the AEMO notes:

‘Driven by higher temperatures and a growing electrification shift from gas to electricity, the NEM experienced a new December quarter maximum demand record of 33,716 megawatts (MW) and an average quarterly total demand record of 23,737 MW, a 2.4% year-on-year increase.

At the same time, rooftop solar and grid-scale solar reached new output records, increasing by 18% and 9%, respectively. This surge led to minimum demand records across the NEM and in Queensland, New South Wales, South Australia, and Tasmania.

So the report will be of interest to our readers…

 

(B)  Early commentary about the AEMO’s QED for 2024 Q4

Scanning today, we’ve found the following coverage in ‘mainstream’ media news articles:

1)  Here on WattClarity:

(a)  There’s this note, obviously

(b)  But worth noting that we’ve also referenced the QED in this note about demand forecasts and this note about ‘interconnector intricacies’.

2)  In the AFR I have seen…

(a)  Angela MacDonald-Smith wrote ‘Coal drops below 50pc for first time as solar powers to record’.

3)  In the Australian I have seen …

(a)  Colin Packham wrote ‘Wholesale electricity prices jump on coal outages and record demand in fresh bill threat’.

4)  In the Guardian I have seen …

(a)  Lisa Cox wrote ‘Renewables break record for share of Australia’s main energy supply in December quarter, data reveals’.

5)  In SMH and the Age I have seen …

(a)  Mike Foley wrote ‘Power prices surge as coal and clean energy supply falters’.

6)  In RenewEconomy I have seen …

(a)  Giles Parkinson wrote ‘Renewables thrive as grid demand soars, coal states suffer from repeated outages and high prices’.

(b)  Giles also wrote ‘Big batteries cash in as they charge past gas to become second biggest player in evening peaks’.

7)  In PV Magazine I have seen …

(a)  EV Foley wrote ‘Distributed solar on a roll breaking output records nationwide in Q4’.

8)  In the ABC I have seen …

(a)  Tom Lowrey wrote ‘Solar power hits new highs but evening price spikes highlight vulnerability’.

 

 

(C)  Social Media coverage

There’s been lots of social media commentary, but (especially given time constraints) none we have specially tagged in here … but (as a reader and if you come across any useful commentary), feel free to add as a comment?!


About the Author

Paul McArdle
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.

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