Worth a short article of its own to document the spell of pricing up at the Market Price Cap this evening in Tasmania:
Here’s the snapshot from NEMwatch at 18:00:
With respect to the annotations:
1) Spot price is at $15,100/MWh at this dispatch interval, and has been for a number of periods this afternoon/evening
2) ‘Market Demand’ is at 1,466MW… well out of the ‘green zone’ and heading up towards the 1,781MW all time maximum
3) Cumulative Price is at $779,209 for the Tasmanian region … which is not far off the level currently for NSW and QLD:
(b) There was some discussion recently in this Twitter thread with speculation about whether the NEM was close to this (noting gas had already reached its similar threshold)
(c) As a result of which I added a 14-day trended view into our ‘Dashboards’ product for those who want to keep track. … it’s free to access.
4) For this dispatch interval, Basslink is unable to import into Tasmania (i.e. the import limit is 0MW).
Nothing further at this time…