A number of recently announced closures of (and cut-backs in) a variety of coal-fired power station units across the NEM (including Northern, Yallourn, Munmorah and Tarong) – claimed to be a result of carbon pricing – generated significant interest in the press, and interested us to open NEM-Review and have a look at longer term trends, and the extent to which that attribution might be true.
A look at the trend towards deeper liquidity of trading of electricity derivatives in Australia’s National Electricity Market (NEM).
The range of questions we’ve been asked over the course of the past 2 weeks (since the introduction of the Carbon Tax) seem to resolve to these 3 key questions.
A quick look at the demand levels on Saturday 25th driven by hot weather in VIC and SA. What would have happened had this been on a weekday?
Looking further (after making the first post today) I see that the demand did rise above 30,000MW across the Australian National Electricity Market today – still a very low level for the highest demand so far this summer…
High temperatures in Victoria and South Australia – but demand is still well down on the all-time records for those regions.
NEM-wide demand is still to crack the 30,000MW barrier (which used to be fairly commonplace several summers ago). This is not providing good news for generators.
By now our schools are full again, and businesses are back at work – so it is timely to review how electricity demand in the NEM trended through the holiday months of December and January.
A list of 10 factors that are impacting on electricity consumption across the National Electricity Market.
Further analysis of the way that electricity demand patterns (NEM-wide) are changing in Australia’s National Electricity Market
A brief summary of NEM-wide demand this winter
Some observations about where average demand in the NEM has trended over the 12 years of NEM history, following the work done in compiling the 2011 Issue of the “Power Trading Schematic” Market Map.
Some analysis prompted by a short article in the AFR talking about a reduction in emissions over summer 2009-10 (with the possible implication being that emissions have turned the corner).