A quick update using the following NEM-Watch snapshot from 11:10 NEM time (so 12:10 in NSW):
As annotated on the snapshot, the AEMO’s current run of predispatch forecasts (updated every half-an hour) show an increase on the demand forecast noted earlier today – with the current expectation being a new record Scheduled Demand up at 11,734MW for NSW at 16:30 NEM time (so 17:30 Sydney daylight savings time).
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.
Took 2-3 times longer than planned (as there were a few different interesting observations that came out) but here is our initial – and perhaps only! – review of what happened in South Australia on Thursday 19th December 2019 (i.e. yesterday).
Volatility in Queensland on a sizzling Saturday drives the Cumulative Price more than half-way to the Cumulative Price Threshold (where price caps would be imposed).
Without resiling from last week’s criticism of how the headlines from AEMO’s 2019 Electricity Statement of Opportunities (ESOO) were communicated, it’d be churlish for me to fault the depth of disclosure and data sitting behind those results. Literally tens if…
1 Commenton "[2nd update] AEMO forecast for peak NSW demand this afternoon now would be new record"
As always there will be blame games, South Australia’s problems are home grown with renewable energy and poorly performing gas markets have taken their toll there.
But all in all, it is just too darn hot and AEMO have a tough 3 days ahead. Good luck.
As always there will be blame games, South Australia’s problems are home grown with renewable energy and poorly performing gas markets have taken their toll there.
But all in all, it is just too darn hot and AEMO have a tough 3 days ahead. Good luck.