A brief article this afternoon to document the price spike above $12,000/MWh in the 15:50 dispatch interval (which equates to 16:50 local time in Melbourne and 16:20 local time in Adelaide.
Here’s what was captured in our NEMwatch v10 entry-level dashboard at the time:
As noted on both images, there was more than one contributing factor (there almost always is!), including – in no particular order:
Factor 1 = 3 large coal units offline;
Factor 2 = Relative lack of wind (including a fairly rapid drop of about 160MW after the price spike, interestingly)
Factor 3 = Limitations on imports from NSW, which also affected Murray output, and output from Southern Hydro;
Factor 4 = Hot weather supporting demand (though nowhere near extreme levels)
Summer’s heating up – literally, and figuratively …