Spot price volatility in South Australia on Monday 11th March 2024

The long weekend heatwave continues…

This is a short article with this snapshot from NEMwatch at 18:25 showing the start of some evening volatility on Monday 11th March 2024, the end of the long weekend in SA, VIC (and TAS and ACT?)

Across the regions we see:

1)  In South Australia:

(a)  ‘Market Demand’ is the most elevated (in relative terms) – up at 2,819MW

(b)  Because of the low wind production (below 100MW) and sunsetting Large Solar (just above 100MW) we see the SA spot price up at $1,270.46/MWh

(c)  That’s with SA importing significantly from VIC

2)  In Victoria:

(a)  ‘Market Demand’ is up in the ‘yellow zone’ at 8,2879MW;

(b)  With price ‘only’ $320/84;

(c)  With price subdued because the VIC1-NSW1 interconnector flow is running south, but not at the import limit (at least at this point).

3)  Across NSW, QLD and TAS, we see  ‘Market Demand’ is subdued in the ‘green zone’.

That’s all for now…