NSW smashes past Cumulative Price Threshold on Monday evening 13th June 2022

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

Not even 24 hours since QLD surpassed the Cumulative Price at 18:50 on Sunday evening 12th June, NSW has joined QLD in that ignominious club.

Here’s a snapshot of the 18:30 dispatch interval in NEMwatch:

2022-06-13-at-18-30-NEMwatch-screenshot

See the Cumulative Price in NSW is now up at $1,363,897 … now above the Cumulative Price Threshold (CPT), which sits at $1,359,100.

Administered Pricing should now also begin in NSW…. and we’ve already started to see the strange outcomes that can come out of this!

 

The wheels are really falling off…

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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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