Whilst working on other things, the red price boxes in NEM-Watch and audible alerts drew our attention to the fact that the summer temperatures in Victoria have driven demand out of the green zone today – and, whilst still 2,000MW below its all-time record, have contributed to the first price spikes of summer:
Stay tuned to WattClarity to see how this summer evolves – and for your chance to enter our traditional summer competition and your chance to win.
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.
DTN (a.k.a. Weatherzone) says tomorrow South Australia might see ‘hottest day in 5 years’. Well, correlated with that, AEMO forecasts show it might see highest ‘Market Demand’ in 11 years!
Guest author, Allan O’Neil, takes a look at the AEMO’s 2020 ESOO to unpick the reason for the differences in outlook (and the sensationalised news headlines) compared to 2019 ESOO.
In the midst of winter, it would be easier to forget the stresses that the NEM encountered over the prior summer 2019-20. Thankfully, the Australian Institute of Energy has arranged for this discussion for next Friday 17th July.
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