Have fielded some questions recently, so thought it easiest to include this snapshot from ez2view ‘Bids and Offers’ widget looking back over the past week from now and filtered down specifically to Snowy Hydro’s Valley Power peaking facility in the Victorian region:
I’ve particularly highlighted the period from early morning Thursday 12th May through until Friday evening 13th May with the 6-unit station:
1) running to maximum availability, and
2) pushing its bids down to –$1,000/MWh … essentially as a ‘price taker’ in the market.
Note during this period that the VIC spot price rarely remained quite steady, around-or-above the $300/MWh ASX cap trigger price.