Peak summer demand in Tasmania has been consistent (but AEMO’s forecasts vary)
A few quick pointers (on New Year’s Eve) about where peak demand might land this summer in Tasmania – so you have a chance at winning Competition #6
A few quick pointers (on New Year’s Eve) about where peak demand might land this summer in Tasmania – so you have a chance at winning Competition #6
A correction about Tamar Valley’s drop in production – and some further thoughts.
Despite consistently averaging monthly output of up to 200MW for a number of years, the Tamar Valley power station has been mothballed following an ownership change
Tasmania shivers this morning, driving electricity demand higher
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
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With a severe weather warning issued for much of Australia (with Sydney and Brisbane almost being the only exceptions) and lasting several days, it’s timely to look at what AEMO is forecasting demand to be in the week ahead.
Some quick notes, and images, of a price spike in TAS this morning.
Some quick notes about a price spike this evening in Tasmania.
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.
We reported previously that a price cap was invoked in Tasmania on Tuesday 16th June because the Cumulative Price Threshold was reached. In official terminology, this was an Administered Price Period (APP). At 04:00AM this morning, NEMMCO released a market notice advising the market that the APP had been lifted…
For only the third occasion in the 10 1/2 years that the NEM has been operational, the Cumulative Price Threshold (CPT) has been reached. Yesterday evening, the CPT was reached in the Tasmanian region.
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).
This week saw very low average prices across the NEM (below $21/MWh average across the week in all mainland regions).
Except for 2 half-hours in Tasmania on Tuesday 7th February (when the price rose to just over $1,000/MWh), prices in Tasmania remained at and around $30/MWh for the whole week.
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 deliver high levels of demand in all regions:
(a) Peak demand levels were reduced somewhat from the huge levels the previous week in Victoria and South Australia;
(b) Demand levels were also still building to the record level to be experienced the following week in NSW;
(c) Peak demand levels in Queensland were fairly steady (and high) for most weeks of summer.
(d) In combination, a new NEM-wide peak demand target of 30,994MW was set on Monday 23rd January.