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).
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).
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...
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...
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...
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...
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...
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.