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…

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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