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.
A month on from the prior low point seen for Scheduled Demand (and Operational Demand) across Queensland in the middle of the day, the low point mark is driven lower still on Sunday 27th September 2020.
Some further thoughts on what we’ve termed a “Solar Correlation Penalty” which point-view of some specific dispatch intervals seems to suggest is occurring
One year on from a market-wide suspension, Dan Lee provides a review of Q2 prices for 2023 so that we can examine some of the longer-term price trends.
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