A short article this evening with this snapshot from NEMwatch highlighting the 17:45 dispatch interval with spot prices up at $13,200/MWh (up towards the Market Price Cap).
No other comments on this article … something to refer back to later…
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.
Guest author Allan O’Neil examines some recent episodes of price volatility (particularly 30th July to 5th August 2024) and whether they were driven by a shortage of supply, or other factors.
Spot prices spiked across mainland regions this evening – firstly at 17:55 (above $1,000/MWh). and then at 18:00 (up towards $15,000/MWh). Here’s a first look.
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