Volatility in QLD and NSW on Monday 26th February 2024

A short article with a snapshot from NEMwatch at 15:45 showing the QLD spot price up near the Market Price Cap, and NSW also above $1,000/MWh:

I particularly noticed the IRPM of the QLD-only ‘Economic Island’ formed by the lack of spare import capability (indeed, limits set so that QNI and DLINK must flow south) down at 3%

This is because of only 300MW of spare Available Generation, by the numbers AEMO published in this dispatch interval.  I don’t have time to look at what capacity is unavailable, for it must be a fair amount!