High temperatures force demand high, NEM-Wide (and prices follow)
A few brief notes about a hot day across the mainland, with demand levels high in each of the 4 mainland regions
New South Wales
High demand in QLD as heatwave rolls east
A few snapshots of a hot day in QLD and NSW as the spring heatwave rolls east.
Prices race in QLD and NSW as horses race in VIC
Tuesday 3rd November, and the temperatures that had driven prices higher in SA the previous day moved eastwards. Whilst VIC demand was lower as everyone lost their shirts on a horse, demand climbed in...
Record summer demand in NSW yesterday!
NSW experienced a record summer demand on Thursday 15th January, driven by high temperatures across the state. The extreme weather experienced in NSW followed the extreme weather that swept across South Australia and Victoria...
NEMMCO Market Event Report – 31 October 2008
A Market Event Report has been published on the NEMMCO website discussing the market outcomes of the high energy prices in the New South Wales and Queensland regions on Friday, 31 October 2008.
News Article Highlighting Opportunity for Demand Response
It was with interest that we stumbled on this article in the Herald newspaper talking about what happened on the 31st October in NSW
31st October 2008 – High Prices and Low Reserves in NSW
A tight supply/demand balance in NSW on the 31st October, exacerbated by transmission constraints into the region led to sustained higher prices in NSW.
High Prices and Low Reserves in NSW
An illuminating view of the NEM during the high NSW prices on 31st October 2008, illustrated with screenshots and a dynamic video from the new NEM-Watch v8.
Prices depressed in the NEM – Winter 2008
Our Managing Director spoke at the "Australian Energy & Utility Summit 08" in Sydney on Tuesday 22nd July 2008, touching on a number of issues including the depressed prices experienced in winter 2008.
NSW winter peak demand forecasts
Our Managing Director spoke at the "Australian Energy & Utility Summit 08" in Sydney on Tuesday 22nd July 2008, touching on a number of issues including the nature of peak demand forecasts (for winter...
Weekly summary of events in Summer 2006-2007
We compiled a week-by-week summary of interesting events that occurred in the NEM - from 19th November 2006 through until 16th January 2007 (the day of the blackout).
11th January 2007 – first spike in demand above 30,000MW
There was a temperature-driven spike in demand across the NEM later in the week beginning Sunday 7th January - culminating in the summer's first demand peak above 30,000MW (on Thursday 11th January). On this...
7th December 2005 – high demand in Queensland and NSW
For several days in early December, temperatures reaching 40 degrees in Queensland and New South Wales cause airconditioning load (and hence total demand) to soar in both regions. The high demands resulted in very...
21st November 2006 – demand spike in NSW
There was a temperature-driven spike in demand in NSW on Tuesday 21st November 2006. These sweltering temperatures combined with bushfires to cause localised blackouts in the Sydney city area, as reported in the Sydney...
Winter 2002 – Generator Market Power
From the start of the NEM through until 2001, the NEM was typified by a pricing dichotomy with sustained rock-bottom pricing in NSW, Snowy and Victoria and high and volatile pricing in the extremities...
2nd February 2006 – price spike in NSW and Queensland
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland - but the price spikes did not transfer...
23rd January 2006 – new record for peak NEM-Wide demand
Based on forecasts NEMMCO had been providing through their PASA process, we expected that it might prove that this week would deliver huge demand levels, and high prices. Not to disappoint, the market did...
2nd February 2006 – NEMMCO’s forecast from 17th January
This article was written prior to 2nd February and drew from the insights gained with our NEMforecastTM product to highlight the looming issue of the tight supply/demand balance forecast for 2nd February 2006.