On the 4th of February at around 11am energy users in NSW appear to have curtailed their load in response to high prices, resulting in a significant drop in demand. Simultaneously, network conditions and generator rebidding caused the NSW pool price to jump back and forth between extreme prices close to VOLL ($10,000/MWh) and the Market Floor Price (-$1,000/MWh).
Read MoreOn the 2nd and 3rd of February this year prices spiked in South Australia and Victoria in the afternoon. Coinciding with these spikes, the Tasmania pool price went negative, close to the Market Floor Price (-$1000/MWh). In this article we take a look at the effects and possible causes of the negative prices.
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
More high temperatures in South Australia and Victoria this afternoon have driven the demand and the spot price high.
Prices in South Australia and Victoria have been high this afternoon, jumping up over $2000 in both states at 3pm NEM-time today.
Some quick notes about a price spike in QLD today.
Some pictorial records of a day when a new record demand was set in Queensland.
A snapshot of a price spike in SA late at night.
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
Some quick notes on what’s happened in the NEM today (17th) and yesterday (16th)
A record of high demand in the QLD region on Thursday 10th December 2009