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 Lee first started at Global-Roam in June 2013. He has departed (and returned) for a couple of stints overseas in that time, but rejoined our team permanently in late 2019.
More recently, Dan's focus has been on growing his understanding of the market and developing his analytical capabilities. He is currently enrolled in the Master of Sustainable Energy program at the University of Queensland.
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.
Perhaps missed amongst all the bushfire-related action in the NEM, the SA Minister for Energy last week initiated the Retailer Reliability Obligation. Guest author Allan O’Neil tries to come to grips with what this means, and what happens next?
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.
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