A short post to note (and possibly refer back to) a burst of high spot prices in QLD and NSW this afternoon, starting from the 17:10 dispatch interval. This afternoon’s price action is a continuation of a pattern we’ve seen earlier this week—already on Monday and on Tuesday.
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.
At 19:55 (NEM time) on Wednesday 8th May 2024, the NSW region commenced Administered Pricing for ENERGY and 10 x FCAS commodities, following a rapid spell of spot price volatility.
Capping off a weekend of new low points for minimum demand in NSW, and NEM-wide (and some near misses elsewhere) this table sums up where the low points sit.
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