A short article with a snapshot from NEMwatch at 15:45 showing the QLD spot price up near the Market Price Cap, and NSW also above $1,000/MWh:
I particularly noticed the IRPM of the QLD-only ‘Economic Island’ formed by the lack of spare import capability (indeed, limits set so that QNI and DLINK must flow south) down at 3%
This is because of only 300MW of spare Available Generation, by the numbers AEMO published in this dispatch interval. I don’t have time to look at what capacity is unavailable, for it must be a fair amount!
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.
Following numerous Market Notices overnight pertaining to Forecast LOR2 (or LOR1) in NSW for a number of coming days, here’s a summary on Saturday morning 18th May 2024 using ‘Forecast Convergence’ from ez2view.
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