Evening volatility in QLD and NSW (and low IRPM) on Monday evening 11th November 2024

A short article this evening with a snapshot from the NEMwatch entry-level dashboard the 17:55 dispatch interval:

2024-11-11-at-17-55-NEMwatch-QLD

In this dispatch interval note that:

1)  Spot price in QLD at $4,000/MWh, somewhat elevated in NSW … but quite low in the other three regions

2)  Constraints on both QNI and Directlink forcing both interconnectors to export southwards (despite the price differential and ‘counter-price flows’).

3)  Boosted by the additional demand being supplied by these exports, but also noting low Available Generation in QLD, an IRPM for the QLD-only ‘Economic Island formed as a result down at only 9%.

 

Note that the 18:00 dispatch interval shows prices up in both QLD and NSW:

2024-11-11-at-18-00-NEMwatch-QLD


About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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