The SA region has seen a serving of high prices early this evening starting from around 6pm, The price in the region has so far peaked at $12,500.44/MWh, which occurred during the 19:00 dispatch interval.
The screenshot below shows the last hour of SMS price alerts, coming from my copy of ez2view.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
In Queensland we experienced one of the mildest summers I can remember. As a result of this, demand levels were subdued for most of summer. However, for a couple of days in late February, summer finally arrived, and struck with a vengeance.
Spot prices in South Australia have been seen to be higher in the month of April than in the prior months, which is somewhat counter-intuitive. Prices also spiked this evening on a number of occasions above $500/MWh – here’s some of the reasons why.
A few snapshots and quick notes about a very hot spring day in the NEM, with demand soaring, IRPM dropping across the market, and prices at VOLL in NSW
A brief overview of a stressful afternoon/evening in the NEM, where a confluence of events (heatwave-driven high demand, low wind, coal unit trip, etc…) drive LOR2 low reserve condition notice in both VIC and SA, and gear AEMO up to call on Reserve Trader (yet again!)
1 Commenton "Bout of high prices in SA on Sunday evening July 28th 2024"
The rich people of Elizabeth don’t seem concerned.