The volatility of the NEM was showcased again on Monday as South Australia experienced two major price spikes in the space of an hour. Using NEM-Watch’s play back feature (screenshot below) we were able to relive when the two price spikes hit. At 2:35pm the South Australian dispatch price hit $2384.08 and then fell before spiking again at 3:10pm at $2410.23.
A screenshot from NEM-Watch at 3:10pm on Monday the 14th of December 2015.
Dan has been at Global-Roam since 2013 in various capacities. Dan's focus at the company has been to assist the progress of communication to our broad client base through our various online resources.
This week saw a new record demand in NSW of 13,292MW on Thursday 2nd February. Correspondingly, average prices were above $100/MWh in both NSW and Queensland – but the price spikes did not transfer to the southern regions.
There was a temperature-driven spike in demand across the NEM later in the week beginning Sunday 7th January – culminating in the summer’s first demand peak above 30,000MW (on Thursday 11th January).
On this occasion, the spot price spiked above $1000/MWh in Queensland, NSW, Snowy and Victoria,
Bit of an uncanny coincidence, having posted some concerns about the coming summer 2019-20 only 2 days ago, to find that the AEMO has called for expressions of interest for…
2 Commentson "South Australia hit by two price spikes"
Demand spiked, Angaston (diesel) dropped 37 MW, and Ladbroke (gas, price setter) was constrained down due to network limitations. Wind dropped 5 MW the first event and 18 MW the second time. Small changes compared to diesel and demand.
What caused the spike in price? Was it a fall in wind production?
Demand spiked, Angaston (diesel) dropped 37 MW, and Ladbroke (gas, price setter) was constrained down due to network limitations. Wind dropped 5 MW the first event and 18 MW the second time. Small changes compared to diesel and demand.