Prices in South Australia and Victoria have been high this afternoon, jumping up over $2000/MWh in both states at 3pm NEM-time today. Watch the events unfold in this video using the playback function* in NEM-Watch (click the button in the bottom right to view full-screen):
*The playback function is a standard feature in all models of NEM-Watch.
A sped-up animation covering spanning a September 2015 weekend in the South Australian region of the NEM, illustrating both sides of the wind farm output coin.
Following our assessment of NEM-wide demand this summer, we turn our attention to Victoria today to see how similar the story is for that region in particular.
Here’s an updated view of AEMO’s forecasts for ‘Market Demand’ across the NEM (and Victoria) for Mon 3rd Feb and Tue 4th Feb 2025 – from the ‘Forecast Convergence’ widget in ez2view at the 12:55 dispatch (NEM time) on Sun 2nd Feb 2025.
A quick outline of what have been (in my view) the three key reasons why wholesale electricity prices in Queensland have risen, compared to 5 years ago.
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