Spot price drops below zero in SA on a windy day with low demand

Posted by Paul McArdleFriday 25th April 2014  2:45 PM   Topic: Autumn 2014 in the NEM

Catching up on a few tasks overhanging the holiday weeks, we noted how the spot price in South Australia dropped below zero (and almost did the same in Victoria) on an Anzac Day with low demand coinciding with high wind production levels.

2014-04-25-at-14-35-NEM-Watch-negativepricesinSA

Above, for future reference, is a snapshot of the incident in NEM-Watch v9.

Note (highlighted) the significant drop in demand in the Victorian region which contributed to the drop in prices in both regions.

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About the Author

Paul McArdle
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients. Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.

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