A short article fro Monday evening with a snapshot from NEMwatch at 17:30 with the spot price up around the Market Price Cap in NSW, VIC and SA this evening:
No other comments at this stage…
About the Author
Paul McArdle
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.
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Summer 2005-06 saw Australians sweltering in temperatures 40 degrees and above.
In the National Electricity Market, this led to new peaks in demand and (given the tight supply/demand balance) delivered high (and volatile) spot market pricing.
Here we have compiled a weekly summary of events in the NEM over summer 2005-06.
The NEM is certainly creating some volatility alright-
https://www.youtube.com/watch?v=CSkFPA81Uws
That’s not mincing words and calls for a response from the CSIRO and AEMO.