NSW energy prices less volatile than anticipated on 26 November 2024

A run of at least 2 hours of projected high energy prices didn’t eventuate on the evening of 26 November 2024 in NSW.

The NSW wholesale energy price did reach the market price cap in the 17:35 interval. The NSW price also hit 11 cents below the cap in the 17:40 interval.

Nonetheless, two 5-minute intervals was a count far fewer than the predispatch projections were indicating earlier that afternoon.

That afternoon, looking forward from the 16:00 dispatch interval, predispatch intervals for 18:00, 18:30, 19:00 and 19:30 (two hours, 24 dispatch intervals) were looking at very high prices:

 

Yet, after the dust had settled, by 19:00, the high-priced intervals were limited to 17:35 and 17:40:

 


About the Author

Linton Corbet
Linton joined Global-Roam as a software engineer and market analyst in August 2020. Prior to joining us, he worked with the AEMO for 7 years, and before that, as an air quality scientist.

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