The heat from yesterday in Victoria made its way north across the Murray river border today, leading to (somewhat) higher demand in NSW – as seen in the following snapshot from NEM-Watch at 16:20 market time:
As noted in the snapshot, demand at 16:20 was 12,380MW (pushing into the yellow zone), and forecast to be higher tomorrow – though still a long way below the all-time maximum demand.
It would be, if it holds true to forecast, the highest so far this summer, though – higher than that seen in NSW on 21st January.
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.
Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
Our guest author, Rob Davis, looks at what might emerge for summer 2017-18 given the La Nina outlook, and prior distributions of Cooling Degree Days for Victoria and South Australia
Leave a comment