Prices in South Australia and Victoria have been high this afternoon, jumping up over $2000/MWh in both states at 3pm NEM-time today. Watch the events unfold in this video using the playback function* in NEM-Watch (click the button in the bottom right to view full-screen):
*The playback function is a standard feature in all models of NEM-Watch.
After watching electricity spot prices in Queensland remain stubbornly high over the weekend, we invested some time today to assess the extent to which these price patterns had ever been seen before – in the 15 years of NEM history.
After publishing three Case Studies on Saturday, this 4th Case Study in a long series is much more complex – with 8 different Semi-Scheduled Wind Farm units across VIC and SA exhibiting significant deviations from Target. This Case study looks at April 2016, which is also 3 years after the first 3 case studies.
Two weeks ago (Monday 17th February) a ‘temporary fix’ was put in place to reconnect SA with VIC following the transmission line outage that began on 31st January 2020. Well, we’ve islanded again today….
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