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 high prices being experienced in both QLD and NSW (and also...
There was a high level in demand in Victoria on Thursday 26th January 2006. This was especially remarkable, considering that it was an Australia Day public holiday - when commercial (though not industrial or residential) demand could be expected to be somewhat lower than would...
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 to the southern regions.
Demand in Victoria peaked again, bringing with it high prices in Victoria and (to a lesser extent) South Australia. Indeed, the demand experienced in Victoria (on Friday 24th February) exceeded the previous high level of 8,552MW for summer, set in January 2006. Our analysis looked...
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...
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...
Summer 2005-06 saw Australians sweltering in temperatures 40 degrees and above. In the National Electricity Market, this led to new peaks in demand and (given the tight supply/demand balance) delivered high (and volatile) spot market pricing. Here we have compiled a weekly summary of events...
In a week which is traditionally very subdued in the market, the NEM sweltered in temperatures in excess of 40 degrees and an exceptional NEM-wide demand (about 30,000MW) was recorded. What made this demand peak more remarkable was that this occurred on a day when,...
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.
The week started with commotion in Queensland, when the VOLL price ceiling was reached. Further analysis revealed that this was due to transmission system events and the trip of several generation units within Queensland.