Watching what’s unfolded in Texas over the past 24 hours has been rather disconcerting … but also prompted questions about the broader energy transition. Here are some thoughts.
Today (Fri 31 January 2020) saw NEM-wide demand reach levels never seen before (excepting 29th January 2009). This was just the start of the white knuckle ride.
Our various dashboard views of the NEM (NEMwatch, ez2view and deSide) have been showing what’s seemed like increasing numbers of zero and negative prices in the NEM recently – particularly in QLD. Coupled with this we’ve seen various commentary on social media. Hence we took a more statistical look at what’s actually been changing…