A short article today (something to refer back to later) with a snapshot from NEMwatch at 18:00 (NEM time) with spot prices up in QLD and NSW:
The weather in Brisbane’s been not so ghastly as yesterday, with a fair amount of rain and cloud cover (hence the much more subdued solar yield shown through this day) … though still allowed for an enthralling 4th day and finish to the Gabba test.
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.
It should be no surprise to readers that we’ve more recently slipped back below that threshold line (back into ‘forecast LOR3’ territory) in MN120725 published at 17:10 on Wed 20th Nov 2024.
The dispatch price in Queensland spiked to $1,500/MWh at 18:25 and again at 22:40 yesterday evening – triggering jitters in some who fear a return to the volatility of summer 2013.
In the >36 hours since an article on Wednesday the forecasts for LORx on Tuesday 26th November 2024 have become less strident. We start to look at why…
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