Another spike occurred this afternoon at 16:15 (to $1,003.94/MWh). With low wind conditions persisting and imports from VIC significantly constraints because of the outage reflected in the ‘I-VS_050’ constraint set through until Saturday evening (but then back on 10th May), will prices bounce again as soon as the sun’s gone?
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.
Some worked examples of how several forms of Demand Response (including the proposed new Demand Response Mechanism) might impact wholesale prices, and participant positions.
One of our guest authors, a meteorologist, lends his expertise to helping us understand one of the reasons why peak demand for summer 2014-15 was what it was.
Why did small-scale solar drop off vertically at around 1600 hours but not large-scale solar??