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).
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
Out of curiosity, and driven by questions received from several people, I’ve invested a bit of time today to delve further into the record low level of Scheduled Demand seen in the Victorian region (and perhaps also across the whole of the NEM) on Saturday 29th August 2020.
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…
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