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

Posted by Paul McArdleSunday 19th March 2023  5:39 PM   Topic: Autumn 2023 in the NEM

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:

2023-03-19-at-17-35-NEMwatch-spike-QLDandNSW

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…

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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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