Price volatility on Monday 17th May 2021 … as expected (part 1?)

Posted by Paul McArdle Monday, May 17 2021 Topic: Autumn 2021 in the NEM

Was speaking with someone this morning about the expectation that there would be price volatility this evening, and the market obliged.

It’s only just started, but here’s the second spike (at 17:40) captured in a snapshot from NEMwatch v10:

2021-05-17-at-17-40-NEMwatch-spike

Here’s the first two spikes (at 17:00 and 17:40) as captured in SMS alerts which are available in both NEMwatch v10 (Platinum Model) and in ez2view:

2021-05-17-SMSalerts-PriceSpikes

As I hit ‘publish’ prices have also been up for 17:50 and 17:55 (in NSW, VIC and SA).

A very short article today (my shortest ever?), but this will serve as a contemporaneous record that might be referred back to later (in part 2 and so on).

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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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