This NEMwatch snapshot from 20:05 highlights that, whilst ‘Market Demand’ continues to drop into the evening, there has also been reductions in Available Generation in NSW and QLD (both under Administered Pricing now) and also in VIC:
The net result of this is that the IRPM has dropped to 9% again this 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.
An AEMO Market Notice about “Generator Recall” for Friday’s forecast hot weather in South Australia and Victoria prompts a quick look at what’s changed in the forecast that would prompt this action.
The day is not over yet, but we thought you would be interested in the attached snapshot highlighting the first of the occasions on the day when prices jumped to VOLL in SA and VIC as a result of searing temperatures stopping the tennis, and melting VIC and SA into new demand records for each region.
Here’s an updated view of AEMO’s forecasts for ‘Market Demand’ across the NEM (and Victoria) for Mon 3rd Feb and Tue 4th Feb 2025 – from the ‘Forecast Convergence’ widget in ez2view at the 12:55 dispatch (NEM time) on Sun 2nd Feb 2025.
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