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 brief first look at AEMO’s new MT PASA data sets – as we push forward in the next upgrade of our ez2view software to help our clients understand the data, and the opportunities (and threats) that the data reveals.
We’ve already witnessed four price spikes this afternoon as demand in NSW is approaching its expected peak. P5 forecasts are currently projects prices to remain at very elevated levels for the time being.
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