There was a bit of a hiatus earlier this afternoon (which we’ll address in another article later at some point), but the key point is that ‘Market Demand’ has hit 9,458MW in the 16:35 dispatch interval this afternoon in Queensland, and looks set to climb further as rooftop PV continues to fade into the evening.
Here’s a snapshot of this 16:35 dispatch interval via the NEMwatch dashboard:
This will especially be the case (i.e. ‘Market Demand’ climbs further as rooftop PV declines) if the temperature and humidity remain stubbornly high into the evening.
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.
It’s not officially summer, yet – but it sure seems like it is across QLD and NSW. High temperatures drive some prices spiking up to the Market Price Cap in both ENERGY and some FCAS commodities as well…
Dan Lee tracks the demand forecasts against the actual outcome in QLD last Friday afternoon. The final result was as much as ∼1,000MW lower than the maximum forecast of demand published by the AEMO, which alludes to the inherent difficulty of electricity market forecasting.
A quick look at a brief price spike in NSW and QLD on Friday evening 28th October – which appears to be related to a Ravine -Yass(2) 330kV line outage.
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