high NEM-wide demand

Background to Winter 2010 in the NEM

Inspired by the price spike experienced this evening, I have spent a little time to put together the background to winters in the NEM.

This will be useful in understanding the context of any other events that occur this winter, and are analysed on WattClarity.

A brief look at peak NEM-Wide Demand over recent winters

This weekend, we have prepared this analysis of the entries we received for our “Peak Demand Forecaster” competition for winter 2009.

In conjunction with this analysis, we thought it would be of interest to also incorporate this chart (generated from a BETA version of the NEM-Review v6 software package) to highlight how the peak NEM-Wide demand unfolded over the previous winters…

A review of recent winters in the NEM

For those who weren’t aware, Winter 2009 has seen us offer our “Who’s the Best Demand Forecaster in the NEM” challenge – as a chance for the market to redeem itself, following what happened in summer 2008-09 (when the market surprised us all).

And the winner for summer 08-09 is…

We noted yesterday, in the midst of the excitement, that the previous NEM-wide demand record had been beaten, by virtue of the heatwave assaulting VIC and SA over the day. We spoke too soon, however, as demand continued to climb through the afternoon.