A quick post today to mark (with reference to our summer challenge) the highest demand across the NEM thus far – 31,099MW at 15:40 yesterday. This is shown in this snapshot from NEM-Watch:
Demand in Queensland is shown in the orange zone above – it rose a little more, to peak at 8304MW at 16:20 on the day (still 700MW or so off a record).
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.
Guest author, Tristan Edis, looks particularly at the Queensland Region of the NEM, and an almost complete stop in the development of new renewables projects.
On Wednesday 10th June 2009, temperatures plunged across the NEM for the first time this winter, providing a long-awaited dump of snow to start the season, and driving electricity demand high.
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.
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