Yo-yo pricing in NSW today, and in QLD

Posted by Paul McArdle Tuesday, February 1 2022 Topic: 2022-02 Summer Heatwave (mainly QLD), Summer 2021-22 in the NEM

I tweeted this here a little earlier capturing the 16:50 dispatch interval that showed all mainland regions were at negative prices.

Fair enough for VIC and SA (as they are unaffected by this heatwave now, having had their share beforehand), but it’s understandable that people are asking questions about what’s happening in NSW and QLD!

2022-02-01-at-16-54-tweet-PaulMcArdle-StrangePrices

In the 17:05 dispatch interval we see the Queensland price jump right back up to $12,594/MWh as shown in this NEMwatch snapshot here:

2022-02-01-at-17-05-NEMwatch-QLD-12594bucks

This whole day (actually, a couple of days) is going to take some focused analysis …  and remember that we did away with the 5/30 issue with the commencement of Five Minute Settlement on 1st October 2021!

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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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