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.
The distinctive winter demand shape returns – and with it comes the evening peaks in prices (even on a Sunday).
A price spike late at night in South Australia, not long after posting other comments about low surplus generation capacity.
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.
Here’s an animated view of how price volatility emerged in the Queensland region of the National Electricity Market emerged on 20th December 2012 – and the range of factors that contributed.
A starting list of a number of factors that combined to deliver sustained higher wholesale electricity prices in the Queensland region across the weekend of Saturday 12th January and Sunday 13th January 2013.
After watching electricity spot prices in Queensland remain stubbornly high over the weekend, we invested some time today to assess the extent to which these price patterns had ever been seen before – in the 15 years of NEM history.
A record of a hot day that drove NEM-Wide demand to the highest level it has achieved (thus far) this summer. See this in context of historical maximum levels.
An interesting day in the NEM today, with prices gyrating across a wide spectrum, and across all four mainland regions – on the back of higher demand in Victoria and South Australia due to temperatures there, and supported by transmission issues and other factors.
Some quick observations about the price spikes observed yesterday on the back of high temperature-driven demand in Victoria.
Some quick notes today, on day #2 of the Carbon Tax, prompted by some prices that jumped all around the place (not so much due to carbon, though).
A quick note about the tight supply/demand balance in NSW today – by virtue for high demand and constrained interconnector capability.
An illustration of the high demand and volatility on Tuesday 1st February.
Some quick notes about a price spike to the (newly raised) Market Price Cap in NSW this morning
Some quick notes about a price spike this evening in Tasmania.
Inspired by the price spike experienced this evening, I have spent a little time to put together the background to winters in the NEM.
This will be useful in understanding the context of any other events that occur this winter, and are analysed on WattClarity.
A price spike close to the Market Price Cap in NSW this evening provides an spur to do some quick analysis.
Just after midday today (Wednesday 21st April) South Australia and Victoria experienced some high spot prices. Here’s a quick post to highlight what happened.
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