So it was telegraphed in advance via AEMO’s forecasts, but I was not anticipating it happening as early as this spike at 14:25 (NEM time) in NSW as seen in NEMwatch, with the NSW spot price above $14,000/MWh:
As highlighted, note the speed in afternoon ramp in ‘Market Demand’ across the NEM from 13:35 (18,399MW) to 13:50 (19,570MW) … i.e. 1,171MW over 15 minutes.
We’d expect it won’t be limited to this dispatch interval through the afternoon and evening.
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.
AEMO now asking for ‘Generator Recall Information’ for generators in NSW with LOR2 conditions forecast on Tuesday … and forecast demand levels in QLD for Wednesday 2nd February up near the all-time maximum.
For only the third occasion in the 10 1/2 years that the NEM has been operational, the Cumulative Price Threshold (CPT) has been reached. Yesterday evening, the CPT was reached in the Tasmanian region.
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