With a Beefeater 5 Burner BBQ on the line, along with a host of other prizes, interested participants of our annual demand forecast competition (entries now closed 🙁 ) would have been keeping a keen eye on demand during the week.
Summer officially began on Tuesday and by 10am we got out first taste of it with the thermometer reaching 35°C in Sydney and 30°C in Brisbane. By Tuesday afternoon the temperate in Sydney had dropped slightly to 32°C but that didn’t stop demand in New South Wales rising up to 11527 MW with prices hitting $365.07 at 3:45pm. Meanwhile, demand in Queensland also rose above 8000MW at that same time interval.
A screenshot from NEM-Watch at 3:45pm on the first day of summer 2015-16.
Dan Lee first started at Global-Roam in June 2013. He has departed (and returned) for a couple of stints overseas in that time, but rejoined our team permanently in late 2019.
More recently, Dan's focus has been on growing his understanding of the market and developing his analytical capabilities. He is currently enrolled in the Master of Sustainable Energy program at the University of Queensland.
A starting list of a number of factors that combined to deliver sustained higher wholesale electricity prices in the Queensland region across the weekend of Saturday 12th January and Sunday 13th January 2013.
A quick look at the situation today, where generation in central and northern Queensland was constrained down in the middle of the day, driving prices higher.
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