This morning Josh Stabler has noted via LinkedIn that ‘Melbourne’s Declared Wholesale Gas Market (DWGM) 6am schedule price reaching $34.84/GJ.’:
That’s clearly going to cause pain for a number of different types of stakeholders. Those high gas prices (not just in VIC) are flowing through to sustained high prices in the 4 x mainland regions in the NEM, as we see here in this snapshot from ez2view at 09:35 this morning:
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.
Carl Daley of EnergyByte, examines recent energy and gas price volatility, leading to the conclusion that the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.
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