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.
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.
Summer 2005-06 saw Australians sweltering in temperatures 40 degrees and above.
In the National Electricity Market, this led to new peaks in demand and (given the tight supply/demand balance) delivered high (and volatile) spot market pricing.
Here we have compiled a weekly summary of events in the NEM over summer 2005-06.
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
Within the same 24 hour period as California again feels the stresses of its own extremes, we see that Victoria experiences the other side of this energy transition challenge, with a new record low for Scheduled Demand set for *any* time of the day…. in the middle of the afternoon!
With high temperatures forecast for SA (hence higher demand) coinciding with low wind, social media references to “blackout” increase. Is this helpful?
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