After last night’s blast of high prices in SA, we’ve seen several price spikes in the region late this afternoon. The highest spike so far occurred during the 15:45 dispatch interval where the RRP hit $9,899.50/MWh.
Price spikes in SA this afternoon, as at 6pm NEM time.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
A rainy Saturday morning reminds us the price volatility for Q2 in QLD has not totally gone away … with elevated prices for ENERGY and also Contingency FCAS (Raise 6 second and Raise 60 second).
One of 12 articles on the months past in the NEM. For January we revisit events such as the fires at Moomba in 2004 (which curtailed gas supplies from central Australia); and the blackout on 16th January 2007 which drove the price to VOLL in Victoria.
After last night’s volatility in SA, sustained high prices have been on the menu again. With the SA spot price in quadruple digits for most of the past hour and half, hitting a peak of $9,941.06
Extremely hot weather in NSW and the NEM’s underappreciated “rail gauge mismatch” contributed to a sharp multi-state price spike during the afternoon peak
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