Case Study of NEM-wide Aggregate Scheduled Target in early February 2024

A short, and somewhat cryptic article this afternoon (posted so as to be referenceable inside of GenInsights Quarterly Updates for 2024 Q1, which is being belatedly completed now)  to highlight this week-long trend of Aggregate Scheduled Target (i.e. AggSchedTarget) on a NEM-wide basis for the first 7 days in February 2024:

2024-06-08-CaseStudy-AggregateScheduledTarget-EarlyFeb2024

Briefly, recapping the 7-day period:

 

Day Details

Thu 1st Feb 2024

With respect to this day, on 29th Jan 2024 we’d published ‘AEMO briefly forecasts LOR3 (i.e. load shedding) in QLD on Thu 1st Feb 2024’.

Fri 2nd Feb 2024

There were not any articles already published about Friday 2nd February 2024.  See the 2024 Q1 analysis for more…

Sat 3rd Feb 2024

There were not any articles already published about Saturday 3rd February 2024.  See the 2024 Q1 analysis for more…

Sun 4th Feb 2024

There were several articles already published with respect to Sunday 4th February 2024.

In particular:

1)  As shown on the image above, we’d written ‘NEM-wide ‘Market Demand’ reached 32,938MW on Sunday 4th Feb 2024 (updated)’;

2)  But (also with respect to the 2024 Q1 analysis) we’d posted this ‘Brief Case Study of Sunday 4th February 2024, with low IRPM following high Market Demand’.

Mon 5th Feb 2024

There were several articles already published with respect to Monday 5th February 2024.

In particular:

1)  As shown on the image above, we’d written ‘Expectations for high demand in NSW this (hot) evening – Monday 5th February 2024’;

Tue 6th Feb 2024

There were not any articles already published about Tuesday 6th February 2024.  See the 2024 Q1 analysis for more…

Wed 7th Feb 2024

There were not any articles already published about Wednesday 7th February 2024.  See the 2024 Q1 analysis for more…

 

Time permitting in future, we might post more context later at WattClarity.


About the Author

Paul McArdle
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.

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