NEM-wide market demand indeed peaks at a four-year high on Monday afternoon, 16th Dec 2024

Posted by Dan Lee Monday, December 16 2024 Topic: 2024-12-16

As anticipated before the weekend, NEM-wide ‘Market Demand‘ hit a four-year high, peaking at 33,674 MW at the 17:30 dispatch interval this afternoon.

Earlier today, Paul reported that actuals were landing above market demand forecasts. This held true until roughly 18:00, when the ‘worm turned’ with actuals beginning to align more closely with earlier P30 projections, as shown below.


NEM-wide Market Demand peaked at 33,674 MW at 17:30 (NEM time). Actuals eventually began landing closer to earlier forecasts.

Source: ez2view’s Forecast Convergence Widget as at 16:40 NEM Time.

Today’s NEM-wide peak demand, was the highest by this measure since the 31st January, 2020 when it hit 35,169 MW.

The screenshot below shows our NEM Map widget from ez2view, captured during the 17:30 dispatch interval – to show regional prices and generation sources.


Source: ez2view’s NEM Map widget

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Dan Lee
Dan is a Market Analyst, who joined Global-Roam in June 2013. After a couple of brief stints overseas, he returned to the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.

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  1. NEM-wide ‘Market Demand’ peaks at 33,674MW at 17:30 on Monday 16th December 2024 - WattClarity

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