The spot price has been bouncing around in South Australia this morning, such as captured in these SMS alerts (configurable in each of our NEMwatch, ez2view and deSide products) this morning:
Here’s a snapshot from NEMwatch at 11:50 (NEM time), so immediately after the last spike shown above:
This image gives some clues, but no time to elaborate…
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.
Just over 24 hours from making these comments, we saw prices jump sky-high in the mainland regions, and go the other way (to the negative price cap) in Tasmania.
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
Leave a comment