Suspected Generator Trip forces prices close to MPC in QLD
Some quick notes about a price spike in QLD today.
summer
Ouch – VOLL in SA, close to midnight!
A snapshot of a price spike in SA late at night.
Hot weather moves north-eastwards, driving demand in NSW
A snapshot of a higher demand day in NSW, driven by higher temperatures as they move eastwards
Heatwave ramps up in southern Australia, dragging prices higher
Some notes about the heatwave in SA and VIC, and what it means for the NEM
How helpful was NEMMCOs PASA process in predicting the demand spike on 29 January 2009 (part2)
Some further analysis of the MT PASA and ST PASA forecasts for other regions of the NEM (SA, TAS, NSW and QLD) for the day of 29th January 2009 – when a new record NEM-wide demand was established.
Summer 2009-10 in the NEM
Some articles about the way summer 2009-10 unfolds
High temperatures in QLD yesterday drag demand close to all-time-maximum
A record of high demand in the QLD region on Thursday 10th December 2009
How helpful was NEMMCOs PASA process in predicting the demand spike on 29 January 2009 (part1)?
A quick look at how useful NEMMCO’s PASA forecasts were, prior to the record levels of demand seen across the NEM on Thursday 29th January 2009
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
Further thoughts about Summer 2008-09 (the heatwave, bushfires, new demand peak, and blackouts)
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…
Should last summer’s peak NEM-Wide demand have surprised us so much?
We saw a massive new peak for NEM-Wide demand set on 29th January 2009, which surprised many (including us).
We return to that data and, by comparing with the previous 10 summers, see whether it should have been entirely unexpected.
And the winner for summer 08-09 is…
We noted yesterday, in the midst of the excitement, that the previous NEM-wide demand record had been beaten, by virtue of the heatwave assaulting VIC and SA over the day. We spoke too soon, however, as demand continued to climb through the afternoon.
Massive Demand, Huge Prices, Load Shedding and the Cumulative Price Threshold (and lessons learnt?)
Wednesday 28th January saw demand across the NEM jump to unprecedented levels, setting a new record of 34,843MW at 16:00 NEM time. On Thursday 29th January, we saw the demand increase still further, leading to prices that stayed high for much of the day (to the point where the Cumulative Price Threshold was reached in VIC and SA and price caps were imposed), and a relatively small amount of involuntary load shedding occurring in VIC and SA.
New record all-time NEM-wide demand (and for VIC and SA) today!
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.
SA nears the Cumulative Price Threshold
On 19th January, high prices were sustained in SA for several hours, bringing the Cumulative Price within a whisker of the $150,000 threshold, at which prices would be capped.
New record summer demand!
We watched with interest today as demand crept up in all mainland regions to the point where the NEM-Wide demand rose slightly above 33,000MW for the first time ever, during a summer period.
Summary of entries received for 2008-2009
An overview of the final range of estimates received for the peak demand guessing competition of summer 2008-2009.
Summer 2008-09 to date
Given that the holidays are now over (for most of us) and we’re returning back to “normal” life, we thought it would be a good time to provide a brief overview of what’s happened in terms of NEM-Wide demand, to date.
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 only two days beforehand.
A hot day in SA yesterday, and prices soared!
Just as had been forecast, Tuesday 13th January 2009 saw hot, dry weather roll in across South Australia, and then into Victoria. The high temperatures caused demand to climb, but not to the level at which NEMMCO had forecast demand to climb over the summer period. As a result we saw the price in SA jump to a level near VOLL at 13:40, and remain there until about 18:00 (i.e. more than 4 hours).