Another spike occurred this afternoon at 16:15 (to $1,003.94/MWh). With low wind conditions persisting and imports from VIC significantly constraints because of the outage reflected in the ‘I-VS_050’ constraint set through until Saturday evening (but then back on 10th May), will prices bounce again as soon as the sun’s gone?
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.
Prices in SA have spiked to close to the market cap and remained elevated, following the invocation of the ‘I-VS_250’ constraint set due to extreme weather conditions.
Just over 24 hours from making these comments, we saw prices jump sky-high in the mainland regions, and go the other way (to the negative price cap) in Tasmania.
Our Guest Author, Mike Williams, has posted his final piece of an initial series of articles about the opportunities for end users in the mainland regions of the National Electricity Market.
1 Commenton "A spike at 16:15 hints at volatility to resume in SA with the sun setting, on Thursday 4th May 2023"
Why did small-scale solar drop off vertically at around 1600 hours but not large-scale solar??