NEMMCO Market Event Report – 31 October 2008

“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).

About the Author

Paul McArdle
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.

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