As we have earlier done for 30th and 31st January and 1st February 2020, in this article we’ve reused my own derivation of ‘Underlying Demand’ to take a look at what happened with demand by that measure back on Thursday 31st January 2019, because that’s when there was a high point for ‘Market Demand’.
Here’s the three day trend, produced using NEMreview v7:
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.
Following a week where several days saw price volatility in NSW (with this being so extreme that Reserve Trader was triggered on Thursday 17th December) we’ve taken a look at the comparative performance of coal units across the NEM (and particularly in NSW) compared to prior years.
It was only 5 days (on Sunday 20th October 2024) when we saw a new ‘lowest ever*’ point for ‘Market Demand’ in NSW … so we’re amazed to see AEMO forecasting a low point for tomorrow (Sat 26th Oct) a fully 15% lower than that ‘lowest ever’ point.
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