Cumulative Price in VIC drops negative (but *not* the first time ever!) on Thursday 29th August 2024

Negative prices in the NEM are here to stay…

There’s been some discussion in certain circles about what that might do to the Cumulative Price, but it was Alex Leemon here that (to my knowledge) first noted that it went negative on Thursday 29th August 2024.

  … on Alex’s comment, Dan Lee already clarified here that this was not the first time ever – pointing to the case he reported where ‘Cumulative price in SA goes negative on October 26th 2023’.

Here’s a snapshot of the situation this morning in this pre-prepared query in the ‘Trends Engine’ within ez2view:

A seen in this snapshot from NEMwatch at the 09:30 dispatch interval on Friday 30th August 2024 noting that the Cumulative Price in South Australia is down at (only!) $185/MWh … so is soon to join VIC (now at –$23,860/MWh) down in negative territory:

To steal from Prince … sign o’ the times?!