The spot price has been bouncing around in South Australia this morning, such as captured in these SMS alerts (configurable in each of our NEMwatch, ez2view and deSide products) this morning:
Here’s a snapshot from NEMwatch at 11:50 (NEM time), so immediately after the last spike shown above:
This image gives some clues, but no time to elaborate…
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.
Augurs to be an interesting day in South Australia today, with two (now three) price spikes already this morning – due in part to no supplies from coal, or from wind.
On Sunday 31st October 2021 we see minimum demand level drop considerably lower for the South Australian region … and also a new record set on a NEM-wide basis.
There was a high level in demand in Victoria on Thursday 26th January 2006.
This was especially remarkable, considering that it was an Australia Day public holiday – when commercial (though not industrial or residential) demand could be expected to be somewhat lower than would otherwise be the case.
Coupled with this level of demand was a significant spike in price that lasted several hours.
Close to $31.5M of revenue was generated in the FCAS markets in SA over the seven days that the region was frequency separated from the rest of the NEM. This follow-on from Allan O’Neil’s earlier article investigates this final figure.
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