For two remarkable winter evenings in 2007 (19th and 20th June specifically) NEM-Wide Instantaneous Reserve Plant Margin (IRPM) plunged to the lowest levels ever seen in the NEM (a mere 7.6%) as generators were caught short of capacity by a cold snap that hit earlier than expected, whilst plant was still out for maintenance and other plant still suffering from drought-inflicted limitations of capability.
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.
It’s the first day under the new Carbon Tax regime, so worthwhile to have a quick look at early indications of how spot prices have changed in the NEM.
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.
We have a hypothesis for what the cause of these counter-cyclic oscillations (between price and demand) in NSW on Monday 12th October 2026. As a first step in exploring this hypothesis, here is a wall of numbers…
Leave a comment