RERT negotiations underway in NSW … at the same time as the NSW spot price is negative and forecast spikes have disappeared

I’ve noted this on social media (such as via LinkedIn here) but worth recording this strangeness today here:

It’s a strange NEM we live in these days, where we have:

1)  The AEMO ‘intending to commence’ RERT negotiations for this afternoon and evening in NSW (as Dan noted just before);

2)  At the same time as both:

(a)  The current spot price in NSW is negative; and

(b)  Forecasts for price volatility later around and after sunset have moderated significantly – as noted in this updated view of the ‘Forecast Convergence’ widgets in ez2view at the 14:20 dispatch interval (NEM time):

Nothing further, at this point …