1) Both VIC and SA are out of the ‘green zone’ signfying relatively high ‘Market Demand’ in relation to historical records … though still below the red-line ‘all time maximums’.
2) Prices in this dispatch interval have just risen above $1,000/MWh for the first time, after being in the range $300/MWh to $1000/MWh for a few dispatch intervals previously
3) The sun is setting, and so is solar yield – and this unfortunately coincides with a lull in wind production (which we’d seen in these forecasts on Friday).
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.
Two days in a row, the AEMO has issued its first and second alerts (via Market Notice) about forecast Minimum System Load events for Victoria. This second alert for Friday 27th September 2024.
Have not checked thoroughly, but a quick scan suggests that the low point for Victorian Scheduled Demand at 13:05 today was a new record for minimum (daytime) demand. If it is, this would be an uncanny coincidence given …
At 08:53 on Monday morning 4th November 2024, AEMO published MN119852 looking forwards to this coming Sunday 10th November 2024 and a (first ever?) forecast MSL2 condition for Victoria.
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