Within the same 24 hour period as California again feels the stresses of its own extremes, we see that Victoria experiences the other side of this energy transition challenge, with a new record low for Scheduled Demand set for *any* time of the day…. in the middle of the afternoon!
Yesterday (Monday 1st Feb) we saw a new record demand set for the Queensland Region of the NEM. Today was even hotter…
A record of high demand in the QLD region on Thursday 10th December 2009
Summer 2008-09 is now well behind us, and there are a number of official reviews underway that will report back at some stage. Even so, we’ve been continuing to ponder a couple of things about what happened in January 2009…
The day is not over yet, but we thought you would be interested in the attached snapshot highlighting the first of the occasions on the day when prices jumped to VOLL in SA and VIC as a result of searing temperatures stopping the tennis, and melting VIC and SA into new demand records for each region.
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian generators that the Cumulative Price Threshold was reached in South Australia and, under NEM Rules, an Administered Price Cap was applied for a period of time.