Here’s NEMwatch at the 17:05 dispatch interval that shows that NSW and QLD have diverged in trajectory:
A cool change is sweeping through NSW (see the temperature in Sydney), and that’s really cooled the ‘Market Demand’ off there (now down to 11,537MW), but QLD’s still warm and humid, so ‘Market Demand’ is over 10,000MW.
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.
The volatility that has been with us for weeks now (particularly QLD and NSW), and the dramas unfolding at Callide power station, prompted me to have a broader look at the availability of black coal plant across QLD and NSW, and compare this to prior Q2 periods.
Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
A timely reminder from the BOM of why ‘Apparent Temperature’ can be significantly higher than ‘Actual Temperature’ … such as across QLD on Saturday 27th Jan 2024 (and also Mon 22nd Jan 2024).
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