high NEM-wide demand

New record summer demand!

We watched with interest today as demand crept up in all mainland regions to the point where the NEM-Wide demand rose slightly above 33,000MW for the first time ever, during a summer period.



Summer 2008-09 to date

Given that the holidays are now over (for most of us) and we’re returning back to “normal” life, we thought it would be a good time to provide a brief overview of what’s happened in terms of NEM-Wide demand, to date.




June in the NEM (a review of 10 years of history)

One of 12 articles on the months past in the NEM. June has brought us several cases of “economic witholding of capacity” – particularly in 2002, and in 2007 the NEM had a very interesting week in which the IRPM plunged to its lowest level ever.










Long-Term Market trends and forecasts

As we have the time, we’ll provide some commentary here about the methods used by the various bodies for “long term” (which in the NEM means 10-years, typically)  forecasting. Where…


Volatility in the market over winter 2007

Our Managing Director spoke at the “Australian Energy & Utility Summit 08” in Sydney on Tuesday 22nd July 2008, touching on issues including the extremes of price volatility that were experienced over winter 2007.


“Power Prices Jump in Eye of the Storm”, from the AFR

Following from an alert to the situation provided by NEM-Watch, Duncan Hughes published an article “Power Price Jump in Eye of the Storm” that mentioned the extremely low levels of NEM-Wide Instantaneous Reserve Plant Margin (IRPM) that had occurred for a 60-minute period over both days.




11th January 2007 – first spike in demand above 30,000MW

There was a temperature-driven spike in demand across the NEM later in the week beginning Sunday 7th January – culminating in the summer’s first demand peak above 30,000MW (on Thursday 11th January).

On this occasion, the spot price spiked above $1000/MWh in Queensland, NSW, Snowy and Victoria,