Electricity prices are up this morning across the mainland, with one of the main contributors being high spot gas prices.
high gas prices
A short note about the start of the evening price spikes on Tuesday 6th July 2021 (these are ongoing, at the time this was posted).
A short record of gas prices being up at $20/GJ and above through a cold spell for winter, with other factors at work.
A short article marking (yet) another volatile evening in the NEM in this ‘elephant’ of a Q2 2021… now with some added challenges for gas-fired generation.
A client sent in this ez2view image this afternoon pointing out another factor that’s been occurring in the absence of 4 x Callide units – markedly increased production from gas-fired generation.
Some brief analysis of today’s price volatility seen in the South Australian region of the NEM
A timely reminder from Rod Sims (at the ACCC) this week that there are a number of factors driving electricity price higher – not just a single “smoking gun”
When markets operate normally, a sharp rise in the price of any commodity triggers a boom in exploration, development and new supply. But this is not seeming to happen in response to high domestic gas prices. In this article, guest author (Graeme Bethune) examines why.
A starting list of factors that I’d look further into, if I was sucked into the “rabbit hole” of assessing all of the contributing factors leading to the Remarkable Prices seen in Q2 2016 – and which could continue into the future.