South Australia spikes, with Heywood unconstrained … with QLD under Administered Pricing

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

This one will take some head scratching later, but thought I would leave this NEMwatch snapshot at 19:10 with readers for the evening:

2022-06-12-at-19-10-NEMwatch-SA-price-1010bucks

Per the earlier article:

1)  The QLD region is under Administered Pricing;

2)  However the SA price has spiked to $1,010.71/MWh

3)  Yet the VIC price (and NSW price) has dropped from 18:55 below $300/MWh with the advent of the Administered Pricing;

4)  And the Heywood interconnector is unconstrained.

 

Given the complexities of Administered Pricing, I’m sure we’ll continue to see some head-scratching outcomes…

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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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