With pricing now reverting to normal process, it’s worth flagging two Market Notices AEMO published with reference to forecast LOR3 in the South Australian region today (i.e. Thu 23rd June) pertaining to next week Wednesday and Thursday as follows:
Thursday is a long way off (in relative terms) so we’d expect to see forecasts progressively improve (as they did for Wednesday). Now in ‘Forecast Convergence’ in ez2view v9.4.2.62 clients can do this!
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.
Wednesday 28th January saw demand across the NEM jump to unprecedented levels, setting a new record of 34,843MW at 16:00 NEM time. On Thursday 29th January, we saw the demand increase still further, leading to prices that stayed high for much of the day (to the point where the Cumulative Price Threshold was reached in VIC and SA and price caps were imposed), and a relatively small amount of involuntary load shedding occurring in VIC and SA.
An unexpected network outage in the south-east of South Australia restricts supplies from Victoria at a time of low wind supply in South Australia and results in the dispatch price spiking to $14,200/MWh from 11:30 and oscillating for the afternoon
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