A starting list of a number of factors that combined to deliver sustained higher wholesale electricity prices in the Queensland region across the weekend of Saturday 12th January and Sunday 13th January 2013.
An extra-ordinary weekend in Queensland, where the mercury stays up and so does electricity demand and (as a result, plus with some help from other factors) so does price.
A record of a hot day that drove NEM-Wide demand to the highest level it has achieved (thus far) this summer. See this in context of historical maximum levels.
A snapshot of a day of contrast – with high demand in Queensland (temperature driven) and extraordinarily low demand in the south.
The mercury in Sydney topped the 40 degree mark today, but demand did not climb to the heights it achieved when it set the record 2 summers ago.
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
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With a severe weather warning issued for much of Australia (with Sydney and Brisbane almost being the only exceptions) and lasting several days, it’s timely to look at what AEMO is forecasting demand to be in the week ahead.
A record of a higher demand day in Queensland today
A brief look, during the day, of the effect that the Queensland heat wave is having on electricity demand within the state – and further across the NEM. It was a day of marked contrast in demand patterns in the north and the south.
Some quick observations about the price spikes observed yesterday on the back of high temperature-driven demand in Victoria.
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?
Some snapshots of the market this afternoon, focused on the QLD region as demand continues to climb on a hot day this summer.
Some analysis of how NEM-wide demand trended through summer 2010-11, and what this meant on a regional level.
The temperature reached 34 degrees in Brisbane today – with thunderstorms predicted to sweep through the south-east corner, bringing with them a cool change and localised disruptions to power supplies. In the following snapshot from NEM-Watch (at 14:05) we see…
A quick note about the tight supply/demand balance in NSW today – by virtue for high demand and constrained interconnector capability.
More extreme weather drives extreme demand and extreme prices – on Wednesday 2nd February.
An illustration of the high demand and volatility on Tuesday 1st February.
Some snapshots of a day in which NEM-wide demand soared, driven by high temperatures across the middle of Australia.
Some images of the see-saw of prices in QLD with the high demand day today.
Some quick notes about a price spike this evening in Tasmania.