Pricing volatility on Friday 11th June 2021


A short post early Friday evening with NEMwatch v10 capturing the 17:00 dispatch interval on Friday 11th June noting price up above $4,000/MWh in all 4 x Mainland Regions of the NEM:

2021-06-11-at-17-00-NEMwatch-spike-4regions

 

I’ve already noted earlier that:

1)  The 4 x Callide units are still offline due to delayed RTS on Callide B1 (which was expected today); and

2)  Yallourn has ramped down this afternoon … perhaps due to wet coal or some flooding effects;

3)  So a third factor, shown in the (filtered) fuel mix chart above in NEMwatch is the rapidly plunging contribution from Wind and Solar across the NEM.

 

Might be a bumpy evening, in terms of volatility?

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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