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.
It’s not officially summer, yet – but it sure seems like it is across QLD and NSW. High temperatures drive some prices spiking up to the Market Price Cap in both ENERGY and some FCAS commodities as well…
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland – but the price spikes did not transfer to the southern regions.
Following several different warnings of high temperatures forecast for the lead-in to Tuesday 26th January 2021 (whatever you want to call that day) I’ve taken a quick look at what it’s currently forecast to mean for the NEM…
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