Morning volatility in South Australia on Thursday 1st September 2022

Posted by Paul McArdle Thursday, September 1 2022 Topic: Spring 2022 in the NEM

It’s officially the first day of spring and electricity users in South Australia have woken this morning to low wind generation and constrained imports from VIC – leading to a run of volatility with prices first rising above $1,000/MWh from the 06:15 dispatch interval as shown here:

2022-09-01-SMSalerts-SA-volatility

(SMS alerts like these are able to be configured in our ez2view, deSide® and NEMwatch platinum software)

As I hit publish on this article, the price is $3,971.59/MWh in the 07:35 dispatch interval – as seen here in this NEMwatch v10 snapshot:

2022-09-01-at-07-35-NEMwatch-SA-volatility

Because of this volatility (and keeping in mind other recent runs, like last Friday 26th August) the Cumulative Price is up above $700,000.

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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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