A first look at some of the action seen in the southern parts of the NEM on Thursday 24th January 2019 as a result of the latest crazy heatwave that has afflicted central Australia – particularly affecting electricity supply and demand in South Australia and Victoria
low instantaneous reserve plant margin
A short post, prior to further analysis next week, to notify readers that Reserve Trader has been dispatched today.
Some snapshots from NEMwatch recording a day where NEM-wide demand breached 33,000MW and prices spiked above $1000/MWh in VIC and SA
Demand forecast down slightly on this morning, but still looking like a record.
NEM-wide demand roared to life today, for the first time this summer, with hot weather pretty much everywhere.
Today was the turn for NSW to feel the heat – with demand rising and supplies stretched as a result.
For the third day in a row, high temperatures drive demand higher – inching closer to a new all-time record for Victoria.
Recapping where the peak demand actually landed today, with the heatwave across southern Australia.
An early review of what’s been happening today (Wednesday 15th January) with the heatwave in Victoria and South Australia
High temperatures passing through NSW provided the opportunity for the Colongra gas-fired power station to shake off the cobwebs and have a run for the day.
Spot Prices in South Australia were elevated over the past 7 days – here are some reasons why.
Following yesterday’s warnings about the potential for a tight supply/demand balance in South Australia this week, it was not really a surprise when the SMS alerts from NEM-Watch began buzzing for the 07:20 dispatch interval this morning (NEM time), highlighting that the dispatch price in SA had jumped to $12,199.20/MWh. This has continued through the morning.
It’s not looking that great, currently, for the supply/demand balance in South Australia this week – when viewing predispatch, ST PASA and AEMO’s Market Notices
Spot prices in South Australia have been seen to be higher in the month of April than in the prior months, which is somewhat counter-intuitive. Prices also spiked this evening on a number of occasions above $500/MWh – here’s some of the reasons why.
A quick note about the tight supply/demand balance in NSW today – by virtue for high demand and constrained interconnector capability.
More extreme weather drives extreme demand and extreme prices – on Wednesday 2nd February.
A graphical summary of a day when temperatures soared in NSW, dragging demand higher and (with the assistance of a relative shortage of supplies) also dragging prices to VOLL
A snapshot of a higher demand day in NSW, driven by higher temperatures as they move eastwards
Some notes about the heatwave in SA and VIC, and what it means for the NEM
A few snapshots and quick notes about a very hot spring day in the NEM, with demand soaring, IRPM dropping across the market, and prices at VOLL in NSW