A short note with a snapshot from NEMwatch at the 16:00 dispatch interval (NEM time) to record ‘Market Demand’ in NSW and QLD well out of the ‘green zone’ due to elevated temperatures that have moved north out of Victoria, as Ben Domensino noted that they would:
This is even before rooftop PV has set … so makes one wonder where demand will peak later this evening?
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.
Spot prices spiked across mainland regions this evening – firstly at 17:55 (above $1,000/MWh). and then at 18:00 (up towards $15,000/MWh). Here’s a first look.
A graphical summary of a day when temperatures soared in NSW, dragging demand higher and (with the assistance of a relative shortage of supplies) also dragging prices to VOLL
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