Price volatility on Monday 17th May 2021 … as expected (part 1?)

Posted by Paul McArdle Monday, May 17 2021 Topic: Autumn 2021 in the NEM

Was speaking with someone this morning about the expectation that there would be price volatility this evening, and the market obliged.

It’s only just started, but here’s the second spike (at 17:40) captured in a snapshot from NEMwatch v10:

2021-05-17-at-17-40-NEMwatch-spike

Here’s the first two spikes (at 17:00 and 17:40) as captured in SMS alerts which are available in both NEMwatch v10 (Platinum Model) and in ez2view:

2021-05-17-SMSalerts-PriceSpikes

As I hit ‘publish’ prices have also been up for 17:50 and 17:55 (in NSW, VIC and SA).

A very short article today (my shortest ever?), but this will serve as a contemporaneous record that might be referred back to later (in part 2 and so on).

Tags:

SHARE ON LINKEDIN SHARE ON TWITTER SHARE ON FACEBOOK

About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

Related Articles

Paul McArdle
Saturday, April 26 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.

3 Trackbacks & Pingbacks

  1. NSW power so erratically expensive an aluminium smelter powered down three times in a week – Climate- Science.press
  2. Discussion about electricity prices – following the Callide C4 Catastrophe – WattClarity
  3. Eating the NEM’s Q2 Elephant – An Appetizer – WattClarity

Leave a comment

Your email address will not be published.


*