Over 3 hours of price volatility in NSW on Wednesday evening 8th May 2024 … with Cumulative Price rapidly closing in on CPT

As Dan Lee noted earlier, the run of volatility in the NSW Region this afternoon/evening commenced at 15:40 NEM time.

1)  This followed a lengthy dose of volatility this morning; and also

2)  Some elevated (though not sky-high) prices during the day.

In this snapshot from NEMwatch at the 18:50 dispatch interval we see that the run of extreme prices is still ongoing … over 3 hours later!


Also highlighted is that the rolling Cumulative Price is up well above 1,300,000/MWh … well on the way to the Cumulative Price Threshold (which is set at $1,490,200 for the 2023-24 financial year).  If we reach that level, the NEM Rules provide that the AEMO will step in and cap prices:

1)  used to be a $300/MWh price cap

2)  but, by virtue of the Alinta Rule Change, was increased to $600/MWh from 1st December 2022.


Reminds me that we’d previously published this live updating trend of Cumulative Price for each region in a format that most readers should be able to access, once they create an account.

Let’s see what happens in  …

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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