We’re counting the days down to the formal start of winter – but it sure seems like winter’s here already, judging by the run of evening volatility we’ve been seeing in QLD and NSW in the past couple of weeks:
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.
Curiosity drove us to take this initial (and very quick) look at bidding behaviour, NEM-wide, across the past 14 days in relation to recent NEM-wide price volatility.
The volatility of the NEM was showcased again on Monday as South Australia experienced two major price spikes in the space of an hour. Using NEM-Watch’s play back feature (screenshot below) we were able to relive when the two price spikes hit.
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