A quick update using the following NEM-Watch snapshot from 11:10 NEM time (so 12:10 in NSW):
As annotated on the snapshot, the AEMO’s current run of predispatch forecasts (updated every half-an hour) show an increase on the demand forecast noted earlier today – with the current expectation being a new record Scheduled Demand up at 11,734MW for NSW at 16:30 NEM time (so 17:30 Sydney daylight savings time).
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.
Noteworthy that in the sleepy period between Christmas and New Year the QLD region can exceed 9,500MW (fast approaching an all-time maximum) on the first day of a two-day state wide heatwave.
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 article with the unfolding situation this afternoon in Victoria – tight supply/demand balance, price spike to the Market Price Cap, and RERT negotiations ….
1 Commenton "[2nd update] AEMO forecast for peak NSW demand this afternoon now would be new record"
As always there will be blame games, South Australia’s problems are home grown with renewable energy and poorly performing gas markets have taken their toll there.
But all in all, it is just too darn hot and AEMO have a tough 3 days ahead. Good luck.
As always there will be blame games, South Australia’s problems are home grown with renewable energy and poorly performing gas markets have taken their toll there.
But all in all, it is just too darn hot and AEMO have a tough 3 days ahead. Good luck.