2+ hour bout of spot price volatility in SA on Wednesday morning 30th August 2023

A short article this morning to record a bout of volatility* in the South Australian region that began at 06:05 and ended with last spike at 08:25 on Wednesday 30th August 2023.

* in this case defining ‘volatility’ as spot prices above $1,000/MWh.

Here’s a snapshot of the initial run of prices captured in SMS alerts triggered by NEMwatch (a function also available in our deSide® and ez2view software):

2023-08-30-SMSalerts-SA-Prices

The highest price in the >2 hour run was (as highlighted) to $12,600.44/MWh for the 06:45 dispatch interval.  Here’s the earlier 06:35 price captured in a snapshot from NEMwatch at the time:

2023-08-30-at-06-35-NEMwatch-SA-3942bucks

Nothing further to add.


About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

1 Comment on "2+ hour bout of spot price volatility in SA on Wednesday morning 30th August 2023"

  1. Interconnectors seem very constrained. Continuing planned outages on SA transmission lines?

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