SA price spike on Tue 12th March 2024 with rapid ramp in demand

Posted by Paul McArdle Tuesday, March 12 2024 Topic: 2024-03-12-SA, Autumn 2024 in the NEM

A short article with this snapshot from NEMwatch at 15:00 on Tuesday 12th March 2024:

2024-03-12-at-15-00-NEMwatch-screenshot

We can see the spot price up at $9,875/MWh – which would be (at least in part) because of the rapid ramp in ‘Market Demand’ (at least in comparison with size of region):

1)  348MW to 2,234MW over 4 x dispatch intervals; including

2)  A 85MW ramp (from 2,149MW) in the 15:00 dispatch interval.

 

Had a quick look and the BOM radar did not show much cloud cover over Adelaide, as sudden suppression of rooftop PV was my first thought as to a possible cause…

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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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1 Comment on "SA price spike on Tue 12th March 2024 with rapid ramp in demand"

  1. Jennifer Brownie | Wednesday, March 13 2024 at 4:25 pm | Reply

    Did SA batteries respond to the sudden 348 MW ramp over 4 dispatch intervals? Because if there was a “possible” LOR3 event later that afternoon then a battery with a Capacity Investment Scheme Agreement would in the future have to have some of their capacity reserved for that possible LOR3 event.

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