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

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


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…

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.

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

  1. 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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