Wild price gyrations in Victoria (and elsewhere) today following a station trip at Yallourn

Posted by Paul McArdleFriday 21st June 2013  1:45 PM   Topic: Winter 2013 in the NEM

I’ve only had about 2 hours this morning to put this together, and have no more time to analyse today, but the following will be of interest to some of our WattClarity readers:

Or you can view it here on YouTube.

This animation was created with the use of our ez2viewAustralia product.

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About the Author

Paul McArdle
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.

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Paul McArdle Sun 19th March 2006 

23rd January 2006 – new record for peak NEM-Wide demand

Based on forecasts NEMMCO had been providing through their PASA process, we expected that it might prove that this week would deliver huge demand levels, and high prices.

Not to disappoint, the market did deliver high levels of demand in all regions:
(a) Peak demand levels were reduced somewhat from the huge levels the previous week in Victoria and South Australia;
(b) Demand levels were also still building to the record level to be experienced the following week in NSW;
(c) Peak demand levels in Queensland were fairly steady (and high) for most weeks of summer.
(d) In combination, a new NEM-wide peak demand target of 30,994MW was set on Monday 23rd January.

1 Comment on "Wild price gyrations in Victoria (and elsewhere) today following a station trip at Yallourn"

  1. Paul McArdle | Friday, June 21 2013 at 5:40 pm | Reply

    PS – it’s been highlighted to me that the outage at Yallourn comes coincident with Industrial Relations action onsite, and with a fire that is under investigation at present.

    Here’s some further news at the ABC, and in the Australian.

    If you know more, please do add this in comments below (or let us know offline).

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