Pricing fireworks in South Australia on New Years Eve ending 2021

Posted by Paul McArdle Sunday, January 2 2022 Topic: Summer 2021-22 in the NEM

Sarah Lawley noted the New Year’s Eve volatility as it was occurring on LinkedIn, and for completeness I’ve added this here as a short note – starting with the run of most of the prices exceeding $1,000/MWh captured in this SMS alert window:

2021-12-31-SMS-EveningPricesSA

Here’s the NEMwatch snapshot from 19:35 (NEM Time) showing the SA 5-minute dispatch/trading price up at $4,093.33/MWh:

2021-12-31-at-19-35-NEMwatch-SA-4093bucks

Nothing more to add at this point, but might refer back to it later…

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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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