As forecast on Friday, we’re seeing moderately high demand in SA and VIC on Saturday evening 9th March 2024.
Here’s a snapshot from NEMwatch at the 18:25 dispatch interval showing ‘Market Demand’ in both regions out of ‘the green zone’ – with SA at 2,726MW and VIC at 8,303MW:
There’s still a bit of wind around this evening in SA (and also in VIC), which is one reason that prices, whilst elevated somewhat, are not sky-high.
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.
After last night’s volatility in SA, sustained high prices have been on the menu again. With the SA spot price in quadruple digits for most of the past hour and half, hitting a peak of $9,941.06
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