Is South Australia or Victoria next to the CPT … with Administered Pricing also in NSW?

Here’s a snapshot from NEMwatch at 19:15 this evening:

2022-06-13-at-19-15-NEMwatch-screenshot

With respect to the numbering:

1)  We see NSW spot price capped at $300/MWh under Administered Pricing … which (per the Market Notice top of the window) started from 18:25 this evening (after this note from me).

2)  There’s an escalating risk of further cascading failure across more regions, with:

(a)  SA already past $1,000,000; and

(b)  VIC not far below.

3)  In a bit of good news this evening we see ‘Market Demand’ on a NEM-wide basis, and for each region, turning the corner

4)  But the IRPM on a NEM-wide basis is still only 11% (i.e. 11.46% rounded down) … which is at least higher than the 8% level it reached at 18:05.


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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