RERT cost estimates released for 3 February 2023
Estimated RERT costs published, pushing past the market price cap for dispatched volumes.
Estimated RERT costs published, pushing past the market price cap for dispatched volumes.
Dan Lee tracks the demand forecasts against the actual outcome in QLD last Friday afternoon. The final result was as much as ∼1,000MW lower than the maximum forecast of demand published by the AEMO, which alludes to the inherent difficulty of electricity market forecasting.
(Not even) close … but no cigar. Actual level of Market Demand in QLD for 17:30 is about 10% below what the most extreme forecast thought it might be.
QLD may be down 200MW of available generation with record demand currently being forecast for late this afternoon.
AEMO starts the Reserve Trader process for the QLD region this evening (Fri 3rd Feb 2023).
A quick article for Friday (3rd Feb 2023) morning, looking ahead to this evening and what AEMO’s current forecasts are saying for this evening.
Our fourth article looking forward to this Friday afternoon (3rd February 2023) in the Queensland region, where successive AEMO STPASA forecast data is showing considerable variability about what peak demand might be for the QLD region (it *might*, if predictions turn into reality, smash the prior all-time record). Dan Lee looks into how the demand forecast has been evolving and what to watch for this Friday afternoon.
Second article (on Tuesday 31st Jan 2023) looking forward towards a tight supply-demand balance forecast for the QLD region on Friday evening 3rd February 2023.
Second article this week about a forecast LOR2 Low Reserve Condition that has arisen for QLD this Friday 3rd February (coincident with what would be a new all-time record for peak demand).
With Brisbane feeling more like a ‘normal’ summer in recent days, we took a look at the demand forecast for the coming week.
A quick look at a brief price spike in NSW and QLD on Friday evening 28th October – which appears to be related to a Ravine -Yass(2) 330kV line outage.
‘Minimum Demand’ for the QLD region (in recent years and excluding 25th May 2021) drops lower still on Sunday 11th September 2022.
A short note on Sunday 14th August 2022 with electricity demand in QLD hitting new low points.
QLD ‘Market Demand’ is dropping past prior low point (excluding 25th May 2021 with the loss of load).
RERT (Reserve Trader) dispatched in QLD.
This morning (Tue 5th july 2022) AEMO announces it may see the need to trigger Reserve Trader this evening.
A quick article Monday evening about volatility in QLD.
A quick look into today’s high prices in QLD, and some of the contributing factors.
RERT (Reserve Trader) dispatched in QLD.
A quick article about reserve trader for Tuesday 14th June 2022.