A burst of spot price volatility in QLD and NSW on Tuesday 20th February 2024

Posted by Paul McArdle Tuesday, February 20 2024 Topic: Summer 2023-24 in the NEM

A quick article with a snapshot from NEMwatch on the 17:55 dispatch interval with QLD at $1,321.22/MWh, and the NSW price above $300/MWh:

2024-02-20-at-17-55-NEMwatch-QLD-1321bucks

Five minutes later (i.e. at the 18:00 dispatch interval) QLD is at $13,238.79/MWh and NSW is at $1,388.42/MWh.

 

Nothing further, at this point.

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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.

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Sunday, March 19 2006

24th February 2006 – price spikes in Victoria

Demand in Victoria peaked again, bringing with it high prices in Victoria and (to a lesser extent) South Australia.

Indeed, the demand experienced in Victoria (on Friday 24th February) exceeded the previous high level of 8,552MW for summer, set in January 2006.

Our analysis looked at generator behaviour on the occasions of these price spikes.

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  1. System Strength considerations for NSW via Market Notices … for the first time? - WattClarity

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