IRPM on a NEM-wide basis drops down to 9% again, at 20:05

This NEMwatch snapshot from 20:05 highlights that, whilst ‘Market Demand’ continues to drop into the evening, there has also been reductions in Available Generation in NSW and QLD (both under Administered Pricing now) and also in VIC:

The net result of this is that the IRPM has dropped to 9% again this evening.

Note also that the Cumulative Price in both SA and VIC are now above … so well on the way to join QLD and NSW above the Cumulative Price Threshold (CPT) of $1,359,100.