Updated long-term trend of Victorian minimum demand

I should be focused elsewhere as there’s something I need to finish today – but a question kept bugging me, given what was noted in ‘Low, getting lower … AEMO’s forecasts for ‘Market Demand’ on Saturday 28th September 2024’ earlier this morning.

I wondered how the  forecasted lowest point in the ST PASA run mentioned (i.e. 1,481MW for 12:00 tomorrow, Saturday 28th September 2024) would compare to the long-run trend of monthly minimum demand?

So I opened up a previously prepared query in the ‘Trends Engine’ within ez2view and updated the following long-range view:

2024-09-27-ez2view-Trends-VIC-MonthlyMinimumDemand

So, briefly we note that:

1)  In a historical context, the lowest point for ‘Market Demand’ was (by a fair margin) down at 1,456MW on 31st December 2023:

… as noted in this end-of-year summary, this was documented on that day via Part 1 and Part 2 and Part 3 and Part 4.

2)  So the forecasts mentioned above (1,481MW at 13:00) would be just 25MW above that lowest-ever* point.

* yes, for the pedantic, ‘ever’ means in the history of the NEM (obviously not much electricity demand in the 1800s).

3)  But it would also be 116MW above the MSL2 threshold the AEMO noted in that Market Notice, at which some actions might be triggered, perhaps?

 

So watch this space…


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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