The following snapshot from NEM-Watch v8 (captured automatically through a Local Alarm we have set up on a display machine in our office) highlights how demand rose above 32,000MW for the first time this winter (to 32,029MW at 18:00).
In particular from this diagram, see (by the relative colour-coding) how the demand in both the NSW and Tasmanian regions was relatively high, compared with the all-time maximums for these regions.
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.
In a week which is traditionally very subdued in the market, the NEM sweltered in temperatures in excess of 40 degrees and an exceptional NEM-wide demand (about 30,000MW) was recorded.
What made this demand peak more remarkable was that this occurred on a day when, traditionally, a large amount of commercial and industrial load would have been offline for the Christmas & New Year holiday.
After watching electricity spot prices in Queensland remain stubbornly high over the weekend, we invested some time today to assess the extent to which these price patterns had ever been seen before – in the 15 years of NEM history.
Our Managing Director spoke at the “Australian Energy & Utility Summit 08” in
Sydney on Tuesday 22nd July 2008, touching on a number of issues including the nature of peak demand forecasts (for winter in the NSW region) over the coming 10 years
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