Bizarre pricing continues outside of the QLD region

Posted by Paul McArdle Sunday, June 12 2022 Topic: 2022 - June - QLD (12th) and NSW, SA and VIC (13th) hit Cumulative Price Cap, Winter 2022 in the NEM

As noted earlier, pricing has been quite strange in the other regions following the imposition of Administered Pricing in the QLD region.

Here’s a snapshot of the 22:40 dispatch interval in NEMwatch highlighting the history of these outcomes:

2022-06-12-at-22-40-NEMwatch-screenshot

Note the dispatch price up above $10,000/MWh in NSW, VIC and SA … and above $1,000/MWh in TAS.

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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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Paul McArdle
Wednesday, March 12 2008

Analysis of price volatility in the QLD region over summer 2007-08

Our Managing Director was asked to speak at the “Queensland Energy” conference in Brisbane on Wednesday 12th March – specifically addressing the topic of price volatility in the NEM.

To provide the basis of discussion during the conference, we focused our analysis solely on Queensland region (to make the topic more manageable).
In our review of volatility in the Queensland region, we focused specifically on 3 core attributes of the market: Queensland dispatch prices; NEM-Wide Instantaneous Reserve Plant Margin; and the concept of “Economic Islands”.

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