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…
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.
With forecasts for a very, very low level of ‘Market Demand’ tomorrow (Sat 26th Oct 2024) in NSW, here’s a longer term trend to show how it would fit in context.
In what is a rapidly evolving situation, we see here another update from the AEMO … extending forecast load shedding into NSW for tomorrow evening as well.
Temperature forecasts are for hot weather in Queensland early this week – which means AEMO is forecasting high demand in the QLD region. With this, they are alerting on a forecast LOR2 Low Reserve Condition warning. We take a look…
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