As 21:50 South Australia began Administered Pricing, and Victoria followed in the next dispatch interval, at 21:55 … as noted in this snapshot from NEMwatch at 22:30, the Cumulative Price for all four regions now is well beyond the Cumulative Price Threshold:
1) QLD up at $3.4M is well over double the Cumulative Price Threshold
2) NSW at $1.9M is well past
3) SA is barely ahead of VIC, with both approaching on $100,000 above the Cumulative Price Threshold of $1,359,100:
That makes the TAS region islanded from the rest of the NEM, as the sole stand-out under the Cumulative Price Threshold.
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It’s a long, long way back to normal operations from here…
Hi Paul,
The last 7 days sum of spot prices for all states except for QLD is well below the $1,359,100 CPT. How can the CPT be exceeded when the sum of that last 7 days of spot prices is at or below $1,000,000?
Note to other readers … we answered this directly with Alex one-to-one.