Friday (10th June) morning volatility in QLD and NSW

A short note this morning to record some volatility …

It’s become so frequent (and these articles so frequent) that I wonder if some readers at WattClarity® would mistakenly assume no volatility occurred if we published nothing (if a tree falls…)?

Here’s the run of SMS alerts with prices above $1,000/MWh:

2022-06-10-SMS-prices

At least, on the upside (if there is one) no super-extreme prices up at or above $10,000/MWh this time.

For context, here’s a NEMwatch snapshot at 07:35 … i.e. when the prices had subsided below $1,000/MWh, back to the (still very elevated) ‘almost all of the time’ pricing levels:

2022-06-10-at-07-40-NEMwatch

In the 12-hour price trend chart at the top, we can see not only:

1)  The spell of prices >$1,000/MWh in QLD and NSW; but also

2)  An overnight spell during which:

(a)  TAS dropped below $100/MWh on occasions; and

(b)  VIC and SA dropped near $0/MWh and below.


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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