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.
One of our guest authors, a meteorologist, lends his expertise to helping us understand one of the reasons why peak demand for summer 2014-15 was what it was.
We’ve already witnessed four price spikes this afternoon as demand in NSW is approaching its expected peak. P5 forecasts are currently projects prices to remain at very elevated levels for the time being.
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