Michael Williams is the founder and CEO of Altus Energy Strategies.Altus Energy Solutions helps energy intensive enterprises to significantly reduce energy costs and risks by matching operational needs to the large range of energy supply options that exist in any market. Altus Energy develops very different strategies to the solutions offered by retailers who take a vanilla approach to their bundled energy supply offers.
Those retailers are never able to fully understand customer idiosyncrasies and must protect their margins with built in risk premiums.
Allan O’Neil provides an explainer about how small deviations in supply and demand are managed in the NEM, in order to help us understand the apparent swings in frequency that we noted in QLD last Friday.
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland – but the price spikes did not transfer to the southern regions.
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