During yesterday evening’s I posted this snapshot from NEM-Watch v10 on Twitter, highlighting how Scheduled Demand in Victoria was up above 9,000MW – and was likely to remain up there whilst temperatures remained high:
As noted in that chart, the hourly average Apparent Temperature at Melbourne airport remained above 30 degrees until after 21:00 NEM time (22:00 Melbourne time), which suggests some pretty uncomfortable attempts to get to sleep early for those who had to do so (and did not have air-conditioning, or were affected by the distribution-level network outages).
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.
A quick review of a hot and sticky day in Queensland that saw high levels of demand reached on a Saturday – with demand peaks tomorrow forecast to be just as high (on a Sunday!). Today saw the first major price spikes in the Queensland region of summer.
Our Managing Director was asked to speak at the “Queensland Energy” conference in Brisbane on Wednesday 12th March – specifically addressing the topic of price volatility in the NEM.
To provide the basis of discussion during the conference, we focused our analysis solely on Queensland region (to make the topic more manageable).
In our review of volatility in the Queensland region, we focused specifically on 3 core attributes of the market: Queensland dispatch prices; NEM-Wide Instantaneous Reserve Plant Margin; and the concept of “Economic Islands”.
With forecasts for low demand tomorrow (Sat 28th Sept 2024) in VIC during the middle of the day, we take a quick look at how forecasts compare to prior low points.
Third article already this morning looking ahead to what’s forecast for Monday 16th December 2024 … longer duration (and deeper) LOR3 (load shedding) in NSW + also LOR2 in Victoria.
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