A quick look back over summer 2015-16 to date to see what level of electricity demand has been achieved.
Queensland LNG exports are now in full swing. At the time of writing (18 December) QCLNG has exported 79 LNG cargoes comprising 5.2 million tonnes (Mt) of LNG since the first cargo in January 2015.
The volatility of the NEM was showcased again on Monday as South Australia experienced two major price spikes in the space of an hour. Using NEM-Watch’s play back feature (screenshot below) we were able to relive when the two price spikes hit.
We are only in the second week of summer 2015-16, and demand in Queensland has already begun to heat up, hitting 8507MW at 3:05pm this afternoon after another hot and humid day across the sunshine state.
With a Beefeater 5 Burner BBQ on the line , along with a host of other prizes, interested participants of our annual demand forecast competition (entries now closed 🙁 ) would have been keeping a keen eye on demand during the week.