Evening price volatility in NSW on Sunday 1st June 2025

A short note with a NEMwatch snapshot at 17:15 to mark some low-level price action in NSW on Sunday 1st June 2025:

Note that there’d been an earlier Market Notice about forecast LOR1 in the NSW region this evening (and also tomorrow 2nd June 2025) as follows:

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MARKET NOTICE
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From :              AEMO
To   :              NEMITWEB1
Creation Date :     01/06/2025     16:42:13

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Notice ID               :         127345
Notice Type ID          :         RESERVE NOTICE
Notice Type Description :         LRC/LOR1/LOR2/LOR3
Issue Date              :         01/06/2025
External Reference      :         PDPASA – Forecast Lack Of Reserve Level 1 (LOR1) in the NSW Region on 01/06/2025

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Reason :

AEMO ELECTRICITY MARKET NOTICE

AEMO declares a Forecast LOR1 condition under clause 4.8.4(b) of the National Electricity Rules for the NSW region for the following periods:

[1.] From 1700 hrs 01/06/2025 to 2000 hrs 01/06/2025.
The forecast capacity reserve requirement is 1638 MW.
The minimum capacity reserve available is 1128 MW.

Manager NEM Real Time Operations

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END OF REPORT
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That’s all for now…