Road to Australia: remind me to check "
ISO-Australia" tomorrow. A reader writes:
Tomorrow and the day following could be 'interesting' for the SA and Victoria electricity markets.
Adelaide
is calling for 107F both days with very light winds tomorrow (Saturday
for them), 80% humidity and high cloud cover Sunday (meaning minimal
input from widespread rooftop solar).
Over in Vic, Melborne is calling for 102F Sunday.
I feel like an 18th century sailor constantly monitoring weather conditions to see if these guys can keep their lights on.
Crazy.
Today, spot prices for electricity in Australia "only" hit $2,400/MWh compared with the "regular" $35MWh in the US. Don't take this out of context. I am inappropriately comparing apples to oranges. "Spot" price is way different than the "regular" price.
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