The heat is still with us and the price volatility has begun again from the 17:35 dispatch interval on Sunday 19th March 2023 – as captured in this snapshot from NEMwatch at the time:
Note a couple things:
1) High temperatures driving ‘Market Demand’ above the green zone for both QLD and NSW;
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.
Our fourth article looking forward to this Friday afternoon (3rd February 2023) in the Queensland region, where successive AEMO STPASA forecast data is showing considerable variability about what peak demand might be for the QLD region (it *might*, if predictions turn into reality, smash the prior all-time record). Dan Lee looks into how the demand forecast has been evolving and what to watch for this Friday afternoon.
Pulling together an estimate for ‘Underlying Demand’ in NSW for Thursday 29th February 2024, it was very big – and occurred earlier than the peak in ‘Market Demand’, and is measured in different ways by different people.
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