Worth a short note to highlight the expectation that the Cumulative Price in NSW will drop back under the Cumulative Price Threshold this evening (Tuesday 14th May 2024) … seven days after the initial bout of evening volatility on Tuesday 7th May 2024 started the climb into Administered Pricing:
Here’s a snapshot at 13:59 today (NEM time) showing where we are currently at, and with the expected trajectory sketched in.
This trend was developed using the ‘Trends Engine’ function within ez2view – but we’ve published as a dashboard so you should be able to log in here and watch what happens…
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.
The Media Release from the NSW Department of Energy on 22nd November 2023 noting 1,075MW of new firming capacity in NSW – targeting operational date of December 2025.
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