Price hits the new Market Price Cap in NSW this morning

Posted by Paul McArdle Tuesday, August 10 2010 Topic: Winter 2010 in the NEM

No time to post any commentary today, but thought you still might be interested in these snapshots from NEM-Watch 8, running in playback mode:

08:15

All’s quiet

2010-08-10-at-08-15-NEM-Watch-playback

08:20

Price jumps in NSW and falls in QLD

2010-08-10-at-08-20-NEM-Watch-playback

08:25

Demand drops in NSW

2010-08-10-at-08-25-NEM-Watch-playback

08:30

2010-08-10-at-08-30-NEM-Watch-playback

08:35

2010-08-10-at-08-35-NEM-Watch-playback

08:40

 2010-08-10-at-08-40-NEM-Watch-playback

08:45

 2010-08-10-at-08-45-NEM-Watch-playback

08:50

 2010-08-10-at-08-50-NEM-Watch-playback

08:55

 2010-08-10-at-08-55-NEM-Watch-playback

09:00

Prices subside

 2010-08-10-at-09-00-NEM-Watch-playback

09:05

 2010-08-10-at-09-05-NEM-Watch-playback

Note that these price spikes this morning are subject to an AEMO review of Over-Constrained Dispatch.

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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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This week saw very low average prices across the NEM (below $21/MWh average across the week in all mainland regions).

Except for 2 half-hours in Tasmania on Tuesday 7th February (when the price rose to just over $1,000/MWh), prices in Tasmania remained at and around $30/MWh for the whole week.

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