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Long-term trend of monthly minimum ‘Market Demand’ in NSW … prior to forecast lowest point on Sat 26th Oct 2024

Posted by Paul McArdleFriday 25th October 2024  8:56 PM   Topic: Decline of Minimum demand

This evening we’ve already wondered ‘Is the bottom going to fall out of the NSW ‘Market Demand’ tomorrow (Saturday 26th October 2024)?’.

In order to give readers a bit more context, I thought it would be useful to update this trend of monthly minimum ‘Market Demand’ in NSW (the blue bars) till the end of September 2024 (i.e. the last complete month):

2024-10-25-at-20-32-ez2view-TrendsEngine-MonthlyMinimumDemand

This chart is produced with the ‘Trends Engine’ within ez2view.

On the chart I have noted:

1)  The lowest point set in September 2024 (that being 3,281MW on 22nd September 2024);

2)  What’s currently the ‘lowest ever*’ point to date (that being 3,150MW on 20th October 2024)

3)  Which just helps to emphasise how amazing it would be if this evening’s forecast is anything close to what actually transpires.

Hold onto your hats!

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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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