Yesterday (Sunday 28th January) saw electricity demand (both Scheduled and Operational) above 9,000MW in the heat. Others have noted this was the highest-ever non-working day demand in Victoria, but I have not delved in detail.
The wholesale cost of electricity has risen (too fast, too high) in recent years. However let’s not let ourselves be conned into believing that this has arisen, now, because of the creation of the NEM back in 1998.
Some thoughts from guest author, Connor James, about “what’s next” in response to energy user concerns about high and escalating prices.
A timely reminder from Rod Sims (at the ACCC) this week that there are a number of factors driving electricity price higher – not just a single “smoking gun”
A quick outline of what have been (in my view) the three key reasons why wholesale electricity prices in Queensland have risen, compared to 5 years ago.
A year on from my review of “remarkable” prices seen in Q2 2016, I return to the same analysis and update for Q2 2017. Outcomes are even more extreme…
Coming back from a week out of the office, I was disconcerted to see that yet another industrial energy user has closed its doors.
Some quick thoughts about Tesla’s promise to “fix South Australia’s power woes”. Which specific problem is Tesla promising to fix?
AEMO early morning forecast pointing to a new record electricity demand late this afternoon.
An astounding day with Queensland electricity demand on a Sunday – a new peak (according to Powerlink) or not quite (on Dispatch Target basis).
Looking forward to this evening, and what looks set to be a near all-time record for QLD demand (a remarkable outcome for a Sunday)
4th update on this white-knuckle day.
Another update, as NSW demand shoots up towards a new all-time record
2nd quick note in advance of today’s expected new record demand in NSW (and hopefully not load shedding)
Here’s an update on the situation in NSW
An animated walk through 19 hours of Saturday 14th January 2017 in the Queensland region of the National Electricity Market – a day we dubbed “sizzling Saturday” not least because of extreme price volatility
The Queensland region experienced a new all-time record for electricity demand today, along with some very hot weahter
NEM-wide demand roared to life today, for the first time this summer, with hot weather pretty much everywhere.
Volatility in Queensland on a sizzling Saturday drives the Cumulative Price more than half-way to the Cumulative Price Threshold (where price caps would be imposed).
Queensland Scheduled Demand on Friday 13th January peaked even higher than on Thursday 12th January, and only 70MW below the all-time record