Elevated prices (and demand) in VIC and SA on Sunday evening 10th March 2024

A short article with this snapshot from NEMwatch at the 17:40 dispatch interval (NEM time) to record the end of the second day of searing heat covering parts of south-eastern Australia (the spell of hot weather we wrote about on Friday):



We see:

1)  Both VIC and SA are out of the ‘green zone’ signfying relatively high ‘Market Demand’ in relation to historical records … though still below the red-line ‘all time maximums’.

2)  Prices in this dispatch interval have just risen above $1,000/MWh for the first time, after being in the range $300/MWh to $1000/MWh for a few dispatch intervals previously

3)  The sun is setting, and so is solar yield – and this unfortunately coincides with a lull in wind production (which we’d seen in these forecasts on Friday).


That’s all for now …

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.

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