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.
Guest author, Allan O’Neil, takes a look at what’s happened in the (islanded) market for FCAS services in South Australia over the past two weeks with Heywood out of service. He notes:
“generators in SA as a group would have paid out roughly twice in contingency raise FCAS costs what they earned from selling energy”
Some quick notes Tuesday evening about liquid-fuelled peaking generators getting a run in a South Australian region that’s missing Northern station (amongst other factors)
A quick article with the unfolding situation this afternoon in Victoria – tight supply/demand balance, price spike to the Market Price Cap, and RERT negotiations ….
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