A very quick article with a snapshot from NEMwatch at 18:10 this evening to note that the NEM-Wide IRPM (i.e. the Instantaneous Reserve Plant Margin) dropped below 15% briefly this evening:
NEMwatch calculates the low point being 14.63% for the 17:55 dispatch interval (i.e. lowest thus far this evening…).
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 short note (in conjunction with some analysis for GenInsights Quarterly Updates for 2023 Q4) about the high level of IRPM seen on Sunday 1st October 2023.
This evening we are experiencing a tight supply-demand balance NEM-wide, stemming from cold temperatures, and low wind conditions across the southern states.
With the AEMO releasing the 2022 ESOO on Wednesday morning 31st August 2022 with the limited time I have available right now I’ve had a quick look, and in this article highlight some things that jumped out to me.
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