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.
Some high temperatures in Victoria and South Australia drive demand higher and, because of transmission constraints, the IRPM in the Economic Island lower.
Some quick reflections on a day that saw spot prices in QLD down below $0/MWh for most of the period seeing strong daylight hours, hence strong injections from rooftop PV systems.
A starting list of a number of factors that combined to deliver sustained higher wholesale electricity prices in the Queensland region across the weekend of Saturday 12th January and Sunday 13th January 2013.
The growth of Large Solar in the NEM has been phenomenal, and a sign that things are changing quickly in the Australian energy industry. The chart attached is the maximum output of each region from Large Solar installations on a…
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