It’s very hot and humid today outside, when heading out for lunch as Monday’s heat has continued.
The following snapshot from NEM-Watch at 13:50 market time highlights how Queensland demand has climbed above 8,200MW and (if the AEMO’s predispatch forecast comes true*) will reach 8,443MW around 17:00
* one of the factors that might prevent the demand reaching this mark is if the storm activity (as noted in this tweet) arrives in the south-east earlier than that time:
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.
Rapidly growing solar PV output has been widely tagged as the cause of low and even negative prices in Queensland. But in any market it’s the behaviour of ALL participants that determines price outcomes. Guest author Allan O’Neil takes a closer look at recent NEM bidding.
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian generators that the Cumulative Price Threshold was reached in South Australia and, under NEM Rules, an Administered Price Cap was applied for a period of time.
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