Spot prices in the doldrums with low demand and high production from wind and gas.
low NEM-wide demand
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.
As we have the time, we’ll provide some commentary here about the methods used by the various bodies for “long term” (which in the NEM means 10-years, typically) forecasting. Where…
In Queensland we experienced one of the mildest summers I can remember. As a result of this, demand levels were subdued for most of summer. However, for a couple of days in late February, summer finally arrived, and struck with a vengeance.