Following James’ comment, and knowing my full schedule for next week means that I (hopefully!) should not get distracted with more analysis, I’ve added this chart from NEM-Review to highlight how reduced exports from Queensland to NSW (because of constraint limitations, due to the outage mentioned) coincided with the price drop in Queensland:
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
A brief overview of a stressful afternoon/evening in the NEM, where a confluence of events (heatwave-driven high demand, low wind, coal unit trip, etc…) drive LOR2 low reserve condition notice in both VIC and SA, and gear AEMO up to call on Reserve Trader (yet again!)
Out of curiosity, and driven by questions received from several people, I’ve invested a bit of time today to delve further into the record low level of Scheduled Demand seen in the Victorian region (and perhaps also across the whole of the NEM) on Saturday 29th August 2020.
A tight supply/demand balance in NSW on the 31st October, exacerbated by transmission constraints into the region led to sustained higher prices in NSW.
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