A couple of weeks ago, we opened for entries in our “Best Demand Forecaster” competition – run for the first time during winter.
Entries closed on Monday 29th June (2 weeks ago now) but we have only just found the time to do some analysis of the entries we received, which we have summarised in the following graph:
As can be seen, the bulk of our entries ranged from 33,500MW up to 37,000MW.
Given that the peak winter demand experienced for 2008 was almost 34,300MW, it does seem that the consensus is that the demand peak will be higher this winter, despite any moderating effect that the Global Financial Crisis might have had on the overall level of demand for electricity in the NEM economy.
We will look forward to finding the time to keep you informed, as winter progresses, of how NEM-Wide demand has shaped up – and, importantly, who has won the Espresso Coffee Machine!