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.
A quick look back at the NEMMCO final report from 2003 about the ‘5/30 issue’
Looking back at 26th December 1999, when a low point record for Scheduled Demand in NSW was set.