NEM-wide IRPM down to only 13%

And so it begins this evening, with an SMS alert highlighting the drop in Instantaneous Reserve Plant Margin (IRPM) to only 13% this evening … here it is, in a NEMwatch snapshot from 17:30:

Note that the Cumulative Price for the NSW region is now above $1,200,000 … so it seems likely NSW will also be under Administered Pricing by tomorrow morning…