Spot price drops below zero in SA on a windy day with low demand


Catching up on a few tasks overhanging the holiday weeks, we noted how the spot price in South Australia dropped below zero (and almost did the same in Victoria) on an Anzac Day with low demand coinciding with high wind production levels.

2014-04-25-at-14-35-NEM-Watch-negativepricesinSA

Above, for future reference, is a snapshot of the incident in NEM-Watch v9.

Note (highlighted) the significant drop in demand in the Victorian region which contributed to the drop in prices in both regions.

About the Author

Paul McArdle
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.

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