Demand forecast moderating for NSW for Thursday evening, 14th December 2023

Posted by Paul McArdle Thursday, December 14 2023 Topic: 2023-12-14-NSW high demand, LOR and RERT, Summer 2023-24 in the NEM

Yesterday we wrote about how ‘Forecast supply-demand for NSW for Thursday evening 14th December 2023 remains tight’, in which we included two snapshots from ez2view.

As we tick past midday (daylight savings time) it’s worth noting this snapshot from ez2view (at the 11:15 dispatch interval) containing 3 different ‘Forecast Convergence’ widgets to highlight several things:

2023-12-14-at-11-15-ez2view-NSW-ForecastConvergence

With respect to the numbers:

1)  the most recent forecasts for ‘Market Demand’ this evening is that it will peak at 12,754MW at 18:00 … so moderating from the earlier forecasts seen yesterday

2)  volatility is still expected, but not as extreme as earlier forecasts.

3)  The forecast LOR2 conditions are remaining, but not as long a duration.

 

We’ll keep watching …

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About the Author

Paul McArdle
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.

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