NEM-wide demand has been quite low through summer 2023-24 (at least to date)
A short article looking back over 2 months of summer 2023-24 (to date) to what levels have been attained for NEMwide ‘Market Demand’
low NEM-wide demand
New lowest point for NEM-wide demand also set on Sunday 1st October 2023
Looking back at yesterday (Sun 1st Oct 2023) it appears to also have seen a lowest point for NEM-wide demand by both measures … lower than the low point set ~2 weeks prior.
New ‘lowest ever*’ points for Market Demand–in Victoria and NEM-wide on Saturday 16th September 2023 (and record high IRPM)
A quick capture of an unfolding situation on Saturday 16th Sept 2023 – seeing record low demand (in VIC and NEM-wide), and highest ever IRPM.
A subdued start to summer 2022-23
It’s been quite quiet on a price alert front so far this summer … here’s one reason why.
New lowest point for NEMwide demand on Sunday 6th November 2022
On Sunday 6th November 2022 the NEMwide demand dropped below previous ‘lowest point’ records.
Minimum Demand drops lower, on Sunday 25th September 2022 – for the NSW region, and also NEMwide
A short article on Sunday 25th September 2022 to record some new low points for ‘minimum demand’ in the NSW region, and on a NEMwide basis.
Minimum Demand records drop lower – for the SA region, and NEM-wide (Part 1)
On Sunday 31st October 2021 we see minimum demand level drop considerably lower for the South Australian region … and also a new record set on a NEM-wide basis.
Recapping where the records sit, in ‘record minimum demand’ following Sunday 17th October 2021 (Part 4)
Capping off a weekend of new low points for minimum demand in NSW, and NEM-wide (and some near misses elsewhere) this table sums up where the low points sit.
A monster leak in the Grid drives ‘Minimum Demand’ on a NEM-wide basis down on Sunday 17th October 2021 (part 3)
Slightly later than happened for the NSW region, here’s the stats for the large reduction for ‘minimum demand’ on a NEM-wide basis for Sunday 17th October 2021
New low points for minimum demand on Sunday 17th October 2021 (part 1)
A short note to recognise that the ‘low point record’ has been nudged lower on several fronts already (Sun 17th Oct) … and forecast to drop further still
AEMO forecasts new record minimum Operational Demand (NEM-wide) on Sunday 17th October
Looks like Sunday 17th October will be an interesting day, with a new ‘record low’ for Operational Demand on a NEM-wide basis forecast by AEMO!
… also a new lowest point for NEM-wide demand on Sunday 3rd October 2021
In addition to being a low point for Scheduled Demand and Operational Demand in the QLD region, it was also the case on a NEM-wide basis.
Spot prices back to yesteryear
Spot prices in the doldrums with low demand and high production from wind and gas.
Hot in VIC and SA – but demand not climbing past the green zone
High temperatures in Victoria and South Australia – but demand is still well down on the all-time records for those regions.
No joy for generators as demand stays low
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.
Summer continues, but demand has not (yet?) arrived
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.
Long-Term Market trends and forecasts
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 they don’t fit elsewhere, we’ll also put articles here looking…
22nd and 23rd February 2008 – a rare hot spell in Queensland
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.