NSW ‘Market Demand’ squeezes 12,500MW as price passes $500/MWh

A short article with a snapshot from NEMwatch for 14:45 NEM time:


We see that:

1)  The NSW ‘Market Demand’ is at 12,464MW; and

2)  The spot price (at $501.89/MWh) is past $300/MWh for the first time today.


Flipping back to the 3-window ‘Forecast Convergence’ view in ez2view at 16:50 and we see that:

1)  Forecast for the same ‘Market Demand’ has fallen away from the earlier 13,000MW expectations

2)  Prices are still forecast to be modest; and

3)  The forecast LOR2 Low Reserve Condition warning has been downgraded to be LOR1:



So it looks like hot and sweaty … but not quite as stressful as earlier thought.

About the Author

Paul McArdle
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.

2 Comments on "NSW ‘Market Demand’ squeezes 12,500MW as price passes $500/MWh"

  1. You can also see in this screenshot the VIC-NSW interconnector running counter-price. It’s been doing that all day – I saw over 1GW of counter-price flow earlier – with intervening periods of constraint when the NRM_NSW1_VIC1 constraint set has been invoked due to the accumulation of negative settlement residues.

    I am not sure the costs of inadequate transmission from Wagga north-eastward are being accurately captured. Possibly (probably?) the need to activate RERT today would have been avoided if that south-westerly generation was available to the Sydney load centre.

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