The vast disconnect between prices DUIDs say they need to run, and market capped prices

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

As we know, we’re under Administered Pricing in the QLD region … but this is having network effects well beyond the QLD region (butterfly wings and all).

Take this snapshot of the 16:45 dispatch interval in our ez2view software containing two different copies of the ‘NEM Prices’ widget:

2022-06-13-at-16-45-ez2view-NEMPrices

Spot the difference between the two sides?

The difference is because of the processes underlying AEMO Intervention…. which is happening to (hopefully!) keep most of the lights on.

A massive disconnect in pricing…. watch for more pain ahead.

Tags:

SHARE ON LINKEDIN SHARE ON TWITTER SHARE ON FACEBOOK

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.

Related Articles

Allan O'Neil
Monday, March 15 2021

Down 55% – but not out

Over 2,000 MW – or around 55% – of South Australia’s firm supply capacity was unavailable last Friday evening (March 12, 2021), along with virtually all of its large-scale renewable supply (a further 1,800 MW or so) but the lights…

Be the first to comment on "The vast disconnect between prices DUIDs say they need to run, and market capped prices"

Leave a comment

Your email address will not be published.


*