Sunrise volatility in NSW on Wednesday 8th May 2024

Following the run of volatility yesterday evening, we’ve seen prices spike up in NSW this morning from the 06:35 dispatch interval, as captured in this snapshot of SMS alerts from our ez2view software:


The run was continuing through until (and past) 07:25, as shown in this snapshot from NEMwatch:


With respect to this snapshot, we see:

1)  Spot price at 07:25 in NSW is $14,799.89/MWh, and also somewhat elevated in the southern regions (but not in QLD) for sunrise

2)  The spot price has been up in NSW continuously since 06:35

3)  In the fuel mix for NSW we see:

(a)  Too early for autumn solar;

(b)  Not much wind;

(c)  More difficult to see as clearly but there is the effect of Vales Point 5 tripping offline at ~01:30 this morning (still offline as we write), as captured in this ‘Notifications’ (alert) fromour ez2view software:


  … this is one of a number of coal units offline (there are 2 x Eraring units off on unplanned outage currently also).

4)  We see no support possible from imports in from Victoria

5)  We also see that support via imports from QLD are also limited

6)  But the IRPM for the NSW-only ‘Economic Island’ is still quite healthy.


Nothing more at this point.

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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