A short article with this snapshot from NEMwatch at the 17:40 dispatch interval (NEM time) to record the end of the second day of searing heat covering parts of south-eastern Australia (the spell of hot weather we wrote about on Friday):
We see:
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).
That’s all for now …
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