Spot price volatility has begun (in QLD on Friday 3rd February 2023)

Here’s a snapshot from NEMwatch in the 16:30 dispatch interval with the dispatch price up at $1,297/MWh (and expectations it will climb higher over the evening):

Note that:

1)  The price had spiked above $1,000/MWh once earlier (to $1,201/MWh at 15:50) but we did not have time to note it then

2)  The ‘Market Demand’ shown here is up at 9,794MW, well up in the ‘red zone’:

(a)  So still 325MW below the all time maximum (up at 10,119MW back on 8th March 2022)

(b)  But, if forecasts hold true, well on the way to a new all-time maximum in another hour or two.

 

That’s all for now…