First evening price spike above $1,000/MWh – at 16:40 on Thursday evening 2nd June 2022

Posted by Paul McArdle Thursday, June 2 2022 Topic: Winter 2022 in the NEM

I’ve other things to finish off this evening, so might not have a chance to post any more – so thought it might be best to include this snapshot from NEMwatch at 16:40 highlighting spot prices up above $1,000/MWh in NSW, VIC and SA this afternoon … and not far off that in QLD and TAS.

2022-06-02-at-16-40-NEMwatch-NSWandVICandSA-1000bucks

This is when NEM-wide ‘Market Demand’ is only 27,808MW and available generation is 34,053MW.

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Note that the TAS price had previously jumped at 11:55 and 15:20

 

 

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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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  1. How rare are simultaneous price spikes in all five NEM regions, like what we saw last night? - WattClarity

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