Coincident with the race, we’ve seen a number of comments in social media about the coincident (& large) drop in demand in NSW that occurred around the same time – a number of people linking the two together. Last year we posted both:
1) A review on Monday prior to the 2014 race of the effect of previous years; and
2) This review of how electricity demand changed in 2014 coincident with the running of the horses.
Here’s how this Tuesday’s change looked in NEM-Watch:
We should clarify, however, that (as noted in the image above) the large drop in load in 2015 was not due to the horse race, exciting as that might have been…
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.
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.
Now that summer 2018-19 has passed, we can reflect on our experiences as a new entrant energy services company facilitating spot exposure for residential energy users – and hence expanding the scope for Demand Response in the NEM.
Very high demands in NSW and “more of the same” in Queensland saw significant price volatility yesterday, with the two states behaving like one larger NEM region
4 Commentson "It wasn’t the horse race that led the large drop in load in NSW coincident with the race"
That’s my understanding also – however I did not know, for sure, if that information was public knowledge hence was not going to be the first to state so.
Th e story portrayed by the aluminium industry is that they couldn’t possibly participate in any load shedding at any time, because then all their pot lines would need to be emptied out of solid aluminium. Yet when when the problem is their side of the meter it doesn’t seem to be a problem.
Okay, I’m in suspense. So what did cause the significant drop in demand in NSW?
…it was Tomago Aluminium.
Thanks Tom
That’s my understanding also – however I did not know, for sure, if that information was public knowledge hence was not going to be the first to state so.
Paul
Th e story portrayed by the aluminium industry is that they couldn’t possibly participate in any load shedding at any time, because then all their pot lines would need to be emptied out of solid aluminium. Yet when when the problem is their side of the meter it doesn’t seem to be a problem.