Just like yesterday evening, this post is a short one, mainly for record keeping purposes – as it’s worth noting that spot prices in QLD and NSW climbed above $1,000/MWh late this afternoon.
Between the 17:30 and 18:00 dispatch intervals, prices briefly hovered over this mark. I was notified about this via my configured SMS alarms from ez2view, shown below.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining 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.
A quick look back at Thu 29th Feb 2024 – a day where afternoon (congestion-based) curtailment of Large Solar in NSW exacerbated the tight supply-demand balance and spot price volatility.
A short note about this evening’s price volatility in QLD and NSW with tight supply-demand balance caused by import limitations (amongst other things).
We’ve checked with NEMwatch in this snapshot for the 18:35 dispatch interval (NEM time) on Friday 24th January 2025 and we see that the ‘Market Demand’ reached 10,897MW (target for the 17:45 dispatch interval).
It was a hot and sweaty walk home from the Brisbane office late this afternoon, accompanied by the incessant buzzing of my phone … due to the run of volatility in NSW and QLD we forecast in this morning’s article.
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