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.
The AEMO has issued its (second* ever) ‘Minimum System Load’ alert, via Market Notice 118421, with respect to Victoria for this Saturday 28th September 2024.
We reported previously that a price cap was invoked in Tasmania on Tuesday 16th June because the Cumulative Price Threshold was reached. In official terminology, this was an Administered Price Period (APP). At 04:00AM this morning, NEMMCO released a market notice advising the market that the APP had been lifted…
Worth noting MN122275 published at 15:51 on Thursday 19th December 2024 being what I believe might be the second-ever forecast for the tighter MSL2- level alert for the coming Sunday 22nd December 2024.
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