Spot volatility again, in QLD and NSW, on Tuesday evening 30th May 2023

Posted by Paul McArdleTuesday 30th May 2023  6:36 PM   Topic: Autumn 2023 in the NEM, Winter 2023 in the NEM

We’re counting the days down to the formal start of winter – but it sure seems like winter’s here already, judging by the run of evening volatility we’ve been seeing in QLD and NSW in the past couple of weeks:

We’ve already noted that this was the case on Wed 17th May and  Sat 20th May and Tue 23rd May and Wed 24th May and Thu 25th May and Fri 26th May.  It’s been on again this evening, as seen in this initial burst of prices above $1,000/MWh (as far up as the Market Price Cap) from 17:20 this evening‘

2023-05-30-SMSalerts-Prices

The spike at 17:35 was also captured in this snapshot from NEMwatch:

2023-05-30-at-17-35-NEMwatch-screenshot

At some point we might be able to come back and review in more detail … but not today.

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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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