‘Market Demand’ in NSW briefly drops to 3,650MW on Saturday 31st August 2024 – a new all-time low point

In the northern half of the NEM (and notably in Archerfield) it’s been a warm last day of winter (if one is still reading off the calendar).  As such, it was no surprise to receive an SMS alert as follows

We see at this point (down at 3,650.37MW for the 12:05 dispatch interval) that it’s fallen below the prior lowest point of 3,664MW for the 11:45 dispatch interval on Sunday 29th October 2023.

Here’s a snapshot from NEMwatch at 13:35 (about an hour later) with ‘Market Demand’ in NSW having climbed just over 4,000MW at the time:

Also notable are:

1)  The 36°C temperature in Archerfield

… a spicy level, for the last official day of Winter 2024.

2)  The negative Cumulative Price in South Australia (as expected on Thursday), joining VIC in negative territory.

3)  No surprise that (with all regions in shades of blue, and hence with NEM-wide down at 14,000MW) prices are close to $0/MWh or at ‘negative LGC’ everywhere.