‘Market Demand’ in NSW above 13,000MW in mid afternoon Thu 29th Feb 2024

A quick snapshot of NEMwatch at the 15:30 dispatch interval (NEM time) with the ‘Market Demand’ in the NSW region at 13,110MW (which I think means that it’s now the highest level seen in summer 2023-24 … will check more thoroughly later).


Quick notes:

1)  The demand is well into the ‘orange zone’, but still a long way below the all-time maximum by this measure (14,649MW set many years ago).

2)  In the Market Notice window shows we’re now in ‘Actual LOR1’

3)  We also see a price spike to $16,600/MWh (i.e. at the Market Price Cap) at the 15:10 dispatch interval … might look more into that separately.


Stay tuned if more happens…

About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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