One important feature of today’s extreme market conditions is that actuals for market demand have been landing consistently and significantly above prior P5 and P30 forecasts. The screenshot below (taken at 16:00 NEM time from our Forecast Convergence Widget in ez2view) shows how actuals for total demand have been landing significantly over prior P30 forecasts over the past several hours.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
In this article on Wednesday evening 20th November 2024 we suggest a couple factors to keep an eye on, leading into the expected tight supply-demand balance (and possible load shedding) in NSW on Tuesday 26th November 2024.
The ‘Australian Energy Week’ conference this week in Melbourne, and the NEM this evening has given a real-time example of some energy transition challenges.
A slightly longer summary (compared to this morning’s) of some evening volatility (across the NEM) on Monday evening 5th August 2024.
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