Spot price volatility in South Australia Thursday morning 28th July – second morning in a row

A quick note with a snapshot from NEMwatch for the 07:35 dispatch interval this morning:

We can see that:

1)  The spot price in South Australia above $4,000/MWh;

2)  It’s been up for a number of dispatch intervals and had spiked above $12,000/MWh at 07:30;

3)  It’s a repeat of similar behaviour also on Wednesday morning

4)  ‘Market Demand’ is ramping up for its morning peak;

5)  There’s low renewable generation (low wind overnight and also too early for solar) – meaning a region running on gas-fired generation currently;

6)  Imports are also very constrained.

Nothing further at this point.