Is the bottom going to fall out of the NSW ‘Market Demand’ tomorrow (Saturday 26th October 2024)?

Posted by Paul McArdle Friday, October 25 2024 Topic: 2024-10-25, 2024-10-26

It was only 5 days (on Sunday 20th October 2024) when we wrote about ‘New ‘lowest ever*’ point of NSW ‘Market Demand’, on Sunday 20th October 2024’ with ‘Market Demand’ down at 3,150MW at the 12:45 dispatch interval.

So it was with some interest that a client let me know of what they’d seen in their own copy of ez2view late this afternoon, and which I have represented here in two copies of ‘Forecast Convergence’ side-by-side:

1)  focused on the 13:00 dispatch interval in the P30 predispatch

… remembering Tripwire #1 and Tripwire #2 that arrived with the advent of Five Minute Settlement.

2)  with ‘Market Demand’ possibly down at 2,678MW

3)  which would be (if the forecast holds true) a massive 472MW drop (or 15% lower) than the ‘lowest ever*’ point set just last weekend!

Yikes!

2024-10-25-at-19-55-ez2view-ForecastConvergence-NSW-TotalDemand

We’ll see what actually happens tomorrow!

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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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3 Trackbacks & Pingbacks

  1. Long-term trend of monthly minimum ‘Market Demand’ in NSW … prior to forecast lowest point on Sat 26th Oct 2024 - WattClarity
  2. Is the bottom going to fall out of ‘Market Demand’ on a NEM-wide basis tomorrow (Sat 26th Oct 2024) - WattClarity
  3. ‘Market Demand’ in NSW drops below the prior ‘lowest ever*’ point - WattClarity

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