With a Beefeater 5 Burner BBQ on the line, along with a host of other prizes, interested participants of our annual demand forecast competition (entries now closed 🙁 ) would have been keeping a keen eye on demand during the week.
Summer officially began on Tuesday and by 10am we got out first taste of it with the thermometer reaching 35°C in Sydney and 30°C in Brisbane. By Tuesday afternoon the temperate in Sydney had dropped slightly to 32°C but that didn’t stop demand in New South Wales rising up to 11527 MW with prices hitting $365.07 at 3:45pm. Meanwhile, demand in Queensland also rose above 8000MW at that same time interval.
A screenshot from NEM-Watch at 3:45pm on the first day of summer 2015-16.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
A tight supply/demand balance in NSW on the 31st October, exacerbated by transmission constraints into the region led to sustained higher prices in NSW.
A quick summary of what’s just happened this afternoon (15:10) with the separation of VIC-to-NSW interconnector due to bushfires that have been plaguing the NEM this summer…
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