In August 2018 we posted this “Beginner’s Guide to how dispatch works in the NEM, and hence how prices are set”. A key principle in this process is how the NEM operates on the basis of “Price-based dispatch” as noted here.
This was followed:
- in February 2019 by “A (preliminary) Intermediate Guide to how prices are set in the NEM”, which introduced the concept of the AEMO’s Price Setter file – which is accurately named, but often misunderstood; and then
- guest author Allan O’Neil followed in March 2019 with the publication of “Price Setting Concepts – an Explainer”.