Spot price volatility in QLD and NSW on Sunday 19th March 2023

The heat is still with us and the price volatility has begun again from the 17:35 dispatch interval on Sunday 19th March 2023 – as captured in this snapshot from NEMwatch at the time:

Note a couple things:

1)  High temperatures driving ‘Market Demand’ above the green zone for both QLD and NSW;

2)  Constrained imports from VIC;

3)  An ‘Actual LOR1’ level notice from AEMO;

4)  Matched with a low IRPM alert for the QLD+NSW ‘Economic Island’.

Nothing further, at this point…