Yes, prices do jump this high in the middle of the night, occasionally:
About the Author
Paul McArdle
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients.
Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.
Related Articles
Paul McArdle Wed 9th January 2019
Hot weather forecast to drive demand past 31,000MW next Tuesday 15th January
With high temperatures forecast to return to the NEM next week, we take a quick look at the AEMO’s demand forecast.
Paul McArdle Sun 2nd June 2013
Load shed warning (LOR3) issued by AEMO for Tuesday in South Australia
It’s not looking that great, currently, for the supply/demand balance in South Australia this week – when viewing predispatch, ST PASA and AEMO’s Market Notices
Adam Myers Fri 28th March 2008
Our review of the heat wave in South Australia
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian generators that the Cumulative Price Threshold was reached in South Australia and, under NEM Rules, an Administered Price Cap was applied for a period of time.
Paul McArdle Sat 26th April 2008
“Power Prices Jump in Eye of the Storm”, from the AFR
Following from an alert to the situation provided by NEM-Watch, Duncan Hughes published an article “Power Price Jump in Eye of the Storm” that mentioned the extremely low levels of NEM-Wide Instantaneous Reserve Plant Margin (IRPM) that had occurred for a 60-minute period over both days.
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