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.
For only the 5th time in 11 years of NEM history (and the 3rd time for South Australia) four consecutive days of price spikes have forced the Cumulative Price to the Threshold, and AEMO has imposed price caps to prevent retailers from going bust.
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