Spot price volatility in the evening of 4th September 2023

Posted by Linton CorbetMonday 4th September 2023  7:04 PM   Topic: Winter 2023 in the NEM

Energy spot prices spiked in Queensland (max $14,777) and New South Wales ($16,600) at 17:35 and then again at 17:45, on 4th September 2023.

This screenshot from ez2view’s swim lanes widget captures the situation.

Prices in the southern regions remained at more usual levels.

 

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About the Author

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Linton Corbet
Linton is a Senior Software Engineer and Market Analyst, who joined Global-Roam in August 2020. Before joining the company, Linton worked at the Australian Energy Market Operator (AEMO) for seven years, including four years as an analyst within their demand forecasting team. Before entering the energy sector, he worked as an air quality scientist in the Czech Republic.

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Paul McArdle Thu 13th December 2012 

Prices see-saw across the (mainland) NEM today

An interesting day in the NEM today, with prices gyrating across a wide spectrum, and across all four mainland regions – on the back of higher demand in Victoria and South Australia due to temperatures there, and supported by transmission issues and other factors.

1 Comment on "Spot price volatility in the evening of 4th September 2023"

  1. Ben Skinner | Wednesday, September 6 2023 at 5:48 am | Reply

    Thanks Linton

    Interested in the extended -$350 prices on Sunday 3rd. The circumstances and who set them?

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