Became distracted yesterday with the analysis of demand over summer 2010-11, and did not have time to check who was the closest bidder to the eventual peak in demand.
I noted previously that it had been people in the trading companies who had been winners in years gone past.
This is why I am pleased to see that the closest to this summer’s peak demand is not from a trader, but is from AEMO itself – Richard Hickling bid <200MW higher than the actual demand peak. That’s within 0.6% so is a pretty good result.
As it turns out, Richard was certainly one of the most bullish forecasters, with only 9 entries above him (some of these considerably higher).
We will be in touch with Richard to arrange for delivery of the promised BBQ.
Congratulations from all of us!