We noted as it happened (e.g. hard to ignore a steady run of SMS alerts) , but only belatedly publish this record of evening volatility on Thursday evening 12th December 2024 – starting with this snapshot of tabulated Spot Price and ‘Market Demand’ from inside of NEMwatch:
We see that:
1) First price spike above $1,000/MWh was at 17:50 (NEM time) whilst last one was 19:30
2) During this period, the levels of ‘Market Demand’ were relatively modest.
Here’s the 18:40 dispatch interval (NEM time) captured in NEMwatch to show more of what was happening at the time:
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.
Wednesday 27th November saw tight supply and demand balance, NSW Energy prices at the MPC for a string of intervals, actual LOR2 conditions, and activation of the RERT mechanism, but in the end no load shedding (LOR3 conditions) eventuated.
A very quick post to look at one of the several reasons we are seeing LOR3 and LOR2 forecasts for NSW and Queensland respectively next Wednesday (27 November). Previous posts from Paul (including this one) have looked at a range…
Following from QLD’s new all-time-maximum level of ‘Market Demand’ we take a quick look at actual levels, compared to AEMO’s earlier (P30 predispatch) forecasts.
Be the first to commenton "Evening volatility in QLD and NSW on Thursday 12th December 2024"
Be the first to comment on "Evening volatility in QLD and NSW on Thursday 12th December 2024"