Paul noted at 15:20 NEM time this afternoon that prices in NSW and QLD had begun to climb, with relatively high demand being experienced in the former.
At the time of writing (16:50), I now note that prices in both regions have continued to fluctuate in a range between $300/MWh to $900/MWh for the past two hours. Market Demand in NSW has so far peaked at 12,550 MW – which occurred during the 16:00 dispatch interval.
Spot prices for the past 12 dispatch intervals (as at the 16:50 dispatch interval), and P5 price forecasts for the hour ahead in QLD (left) and NSW (right).
Source: ez2view’s Trading Prices widget
Since Paul’s last post, we’ve also seen Market Notice #122113 come in, notifying the market of an actual LOR condition in the NSW Region:
Notice ID : 122113 Notice Type Description : Reserve notice Creation Date : 17/12/2024 15:44:28 AEMO ELECTRICITY MARKET NOTICE Actual Lack Of Reserve Level 1 (LOR1) in the NSW region - 17/12/2024 An Actual LOR1 condition has been declared under clause 4.8.4(b) of the National Electricity Rules for the NSW region from 1530 hrs. The Actual LOR1 condition is forecast to exist until 1800 hrs The capacity reserve requirement is 1340 MW The minimum capacity reserve available is 1082 MW Manager NEM Real Time Operations
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