One image from NEM-Watch today to record a higher demand day in Queensland driven as the heat wave that afflicted NSW yesterday and the southern regions last Friday.
What’s most noticeable in this snapshot is how NEM-wide demand is amazingly low, for a summer week-day (because of the much milder conditions down south that are hopefully assisting with containment of the bushfires burning there).
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
For several days in early December, temperatures reaching 40 degrees in Queensland and New South Wales cause airconditioning load (and hence total demand) to soar in both regions.
The high demands resulted in very high prices being experienced in both QLD and NSW (and also the SNOWY region). Both VIC and SA were insulated from the high prices because (at least in part) of the fact that transfers over the SNOVIC interconnector were constrained to minimise negative inter-regional surplus
Guest author, Carl Daley from EnergyByte, provides this summary of summer 2024 – covering price volatility, consolidation of the twin peaks dynamic, and BESS performance.
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