“The energy price in New South Wales increased to the market cap price of $10,000/MWh at trading intervals (TIs) ending 13:00hrs, 13:30hrs and 15:00hrs on Friday 31 October 2008. The Queensland region saw energy prices rise to a maximum of $3,618.51/MWh at TI 14:30hrs. Mainland Frequency Control Ancillary Services (FCAS) prices reached $105.13/MWh at 14:50hrs. The Tasmanian region saw a negative energy price of -$0.43/MWh for the trading interval ending 15:30hrs. Energy prices in other regions were not materially affected.”
A Market Event Report has been published on the NEMMCO AEMO website at
NEMMCO says that a system incident report covering the reliability of the power system during this event will be published separately (and we’ll link to it, when we see it).
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.
The first day of scorching summer temperatures for the year has been matched with elevated electricity prices in New South Wales, Victoria and South Australia for most of the day. …
Following from an alert to the situation provided by NEM-Watch, Duncan Hughes published an article “Power Price Jump in Eye of the Storm” that mentioned the extremely low levels of NEM-Wide Instantaneous Reserve Plant Margin (IRPM) that had occurred for a 60-minute period over both days.
High temperatures passing through NSW provided the opportunity for the Colongra gas-fired power station to shake off the cobwebs and have a run for the day.
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