A run of high prices seen in SA this morning Wednesday 28th June 2023

Towards the end of a short article I wrote on Monday, I noted that the AEMO was forecasting a LOR2 condition between 7:00 am to 8:30 am this morning. That LOR forecast did not eventuate to an actual, but we were left with a few price spikes towards the upper end of the price scale – with the SA dispatch price peaking at 07:55 am (NEM time) when it hit $12,922.49/MWh.

SA prices peaked during the 07:55 dispatch interval this morning, at $12,922.49/MWh.

View high-res image

Source: ez2view’s Trend Editor

From a *very* brief inspection of NEMwatch, I note that actual wind generation in South Australia this morning has been quite low thus far, as shown below. I can also see that the Heywood interconnector between VIC and SA has been flowing at limit (50MW from nominal max of 650MW) since 06:55 am to 11:20 am, the time of writing.

Generation by Fuel Type in South Australia over the past 18 hours, shows relatively low wind output in the region.

Source: NEMwatch


About the Author

Dan Lee
Dan Lee first started at Global-Roam in June 2013. He has departed (and returned) for a couple of stints overseas in that time, but rejoined our team permanently in late 2019. More recently, Dan's focus has been on growing his understanding of the market and developing his analytical capabilities. He is currently enrolled in the Master of Sustainable Energy program at the University of Queensland.

Be the first to comment on "A run of high prices seen in SA this morning Wednesday 28th June 2023"

Leave a comment

Your email address will not be published.