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
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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  1. Trended bidding from BESS discharge (NEM-wide) ... highlighting APC and Market Suspension - WattClarity
  2. Stepping to suspension - WattClarity
  3. File creation times at AEMO for DISPATCHIS and P5MIN increase 50%, coincident [CAVEAT] with Administered Pricing and Market Suspension - WattClarity
  4. Increased visibility of LOR3 forecasts - WattClarity
  5. Quick review of bids – looking back 16 days over APC and Market Suspension - WattClarity
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