And so it begins this evening, with an SMS alert highlighting the drop in Instantaneous Reserve Plant Margin (IRPM) to only 13% this evening … here it is, in a NEMwatch snapshot from 17:30:
Note that the Cumulative Price for the NSW region is now above $1,200,000 … so it seems likely NSW will also be under Administered Pricing by tomorrow morning…
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
A second article looking ahead to (forecasts about) Sunday 4th February 2024 … where NEM-wide demand might reach the highest point in summer 2023-24 to date.
With AEMO forecasting LOR3 (i.e. load shedding) in NSW for periods of time on Monday 16th December 2024, in this WattClarity article we take a first look. More to come *as time permits* (and as situations change, etc…).
In between other jobs today, we’ve taken a look at why the price spiked yesterday (Tue 20th April) in QLD … at an earlier time than we had become accustomed to seeing it occur in recent months.
Spurred on by our competition (but with an interest that’s much broader) we have a look at how Queensland demand has trended – and find a couple of quite remarkable things occurring…
Be the first to commenton "NEM-wide IRPM down to only 13%"
Be the first to comment on "NEM-wide IRPM down to only 13%"