Worth a short follow-on article (given the extreme level of demand experienced in QLD today … on a very hot, but ordinarily very ‘sleepy’ period between Xmas and the New Year) to take a quick look at tomorrow….
1) See how the levels of ‘Market Demand’ seen today (for the half hour periods ending dispatch intervals HH:00 and HH:30) cranked well past AEMO’s earlier forecasts; at the same time as
2) AEMO’s current forecasts for tomorrow are sitting substantially higher than their earlier forecasts for the afternoon/evening just passing.
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.
Some initial analysis looking into the question of whether the increased penetration of solar PV is increasing the variability of scheduled demand to the point that generators can exert more pressure on spot prices.
A quick look at a brief price spike in NSW and QLD on Friday evening 28th October – which appears to be related to a Ravine -Yass(2) 330kV line outage.
With summer 2019-20 fast approaching, we’ll use the refresher on the two core components of risk (probability and consequence) to unpick what the real issue is with respect to concerns about overheating electricity supplies this summer, especially in the Victorian region.
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