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.
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.
On the 4th of February at around 11am energy users in NSW appear to have curtailed their load in response to high prices, resulting in a significant drop in demand. Simultaneously, network conditions and generator rebidding caused the NSW pool price to jump back and forth between extreme prices close to VOLL ($10,000/MWh) and the Market Floor Price (-$1,000/MWh).
A short article, flagging three potential tripwires we’d like to ensure NEM participants and other stakeholders are aware of in the lead-up to two significant market changes from October 2021.
Be the first to comment on "AEMO forecasts that tomorrow’s demand in QLD (i.e. Fri 29th Dec 2023) will be higher than today"