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.
Today (Fri 31 January 2020) saw NEM-wide demand reach levels never seen before (excepting 29th January 2009). This was just the start of the white knuckle ride.
Following a week where several days saw price volatility in NSW (with this being so extreme that Reserve Trader was triggered on Thursday 17th December) we’ve taken a look at the comparative performance of coal units across the NEM (and particularly in NSW) compared to prior years.
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