Possibility of volatility in QLD and NSW on Thursday evening 7th November 2024

Back on Saturday evening we wrote about the currently ‘Forecast tight supply-demand balance (i.e. LOR2) for QLD and NSW on Thursday evening 7th November 2024’ … and then on Tuesday we also noted that ‘LOR2 notices continue to flash for NSW and QLD for this Thursday 7th Nov 2024’.

So I thought it was worth a quick look in the morning of Thursday 7th November 2024 utilizing this collage of 4 different ‘Forecast Convergence’ widgets in ez2view at the 08:35 dispatch interval looking forward to this evening:

2024-11-07-at-08-35-ez2view-ForecastConvergence

Keep in mind that this with allows one to ‘look up a vertical’ in order to ‘see that other dimension of time’ … and that you can click on the image to open a larger view.

We see that:

1)  The forecasts for LOR2 conditions in NSW and QLD have both moderated:

(a)  No forecast LORx condition of any colour in NSW currently; and

(b)  Down to forecast LOR1 in QLD

… but there it’s visible that there was a very brief period where the red swatch shows forecast LOR3 in the NSW region a few days ago, looking forward to this evening!

2)  In terms of prices:

(a)  We can see the evening volatility up until 18:00 yesterday

(b)  We can see a wide swatch of spicy prices for both regions for this evening … with QLD colours showing ‘higher for longer’ than in NSW.

 

Stay tuned…


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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