It shows a forecast for ‘Market Demand’ in NSW climbing to above 12,500MW, and the re-appearance of forecast LOR2 conditions. No surprise there are forecasts for evening volatility.
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.
Reaching for the same NEMreview query we’ve used a few times in 2024 Q2, we take a look at how futures prices have traded in NSW, following the announcement of agreement to extend the service life at Eraring Power Station.
Two AEMO market notices late this morning suggest that NSW and QLD are in for tight supply-demand later this week, with an LOR2 condition currently forecast in the former.
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