Price volatility on Monday evening 11th July with ‘Market Demand’ near 31,000MW

A short article this evening to record some price volatility across all mainland regions – here’s a snapshot from NEMwatch at 18:50 after the >$1000/MWh prices had washed through:


Note here that the IRPM was down to 12% on a NEM-wide basis, highlighting the tightness of supply/demand – the lowest this reached was 10.77% in the 18:20 dispatch interval as highlighted in this run of SMS alerts received on the journey home from the office:


Worth noting that 5 minutes before this point (at the 18:15 dispatch interval) the ‘Market Demand’ across the NEM was up at 30,823MW.

The price volatility began at 17:25, as highlighted in this separate run of SMS alerts also received:


As I hit ‘publish’ here (at 19:55) the SMS alerts have continued with more low IRPM…

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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