Prices up in the mid-afternoon on Thursday 22nd June 2023 (a rare instance – with solar generation lower)

A quick note with this snapshot from NEMwatch at 14:15 highlighting some (increasingly rare) pricing activity in the middle of any afternoon:

2023-06-22-at-14-15-NEMwatch-PricesUp

One factor contributing to this would be the drop in solar generation compared with prior days.

Here’s a view for Semi-Scheduled generation showing current levels ~1,500MW or more lower (a pre-prepared trend widget in ez2view):

2023-06-22-at-14-18-ez2view-Trend-SemiSched-NEMwideSolar

… but keep in mind that there’s a much larger yield from rooftop PV that is similarly depressed.

Here’s a current snapshot of the BOM’s cloud map – whilst clouds clearly visible in southern half of the NEM, the northern solar farms in QLD don’t look like they are covered:

Not shown here, but seems to match with a quick look through each of the 4 x Regional Schematics in ez2view (i.e. no Large Solar farms to look at in TAS).

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.

1 Comment on "Prices up in the mid-afternoon on Thursday 22nd June 2023 (a rare instance – with solar generation lower)"

  1. It seems that solar sets the price effectively until the next bid kicks in at around and is capped by thermals at $300

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