With the same network outage noted on Friday evening continuing, and wind conditions having dropped again mixed with a bit of cloud cover, it’s not really a surprise so see prices elevated on Sunday 13th August, as shown in this snapshot from NEMwatch at 14:40
The snapshot shows that prices have been elevated through much of the weekend (spiking a bit further to $1,000/MWh here).
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.
For two remarkable winter evenings in 2007 (19th and 20th June specifically) NEM-Wide Instantaneous Reserve Plant Margin (IRPM) plunged to the lowest levels ever seen in the NEM (a mere 7.6%) as generators were caught short of capacity by a…
A look into the geographic spread and diversity of wind production over the past three evenings, where we’ve seen supply-demand tightness across the NEM.
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