Our various dashboard views of the NEM (NEMwatch, ez2view and deSide) have been showing what’s seemed like increasing numbers of zero and negative prices in the NEM recently – particularly in QLD. Coupled with this we’ve seen various commentary on social media. Hence we took a more statistical look at what’s actually been changing…
Pondering more implications of the boom/bust pricing witnessed in the South Australian region last week…
Further analysis of the interaction between electricity and gas markets in Queensland at present.
Low prices today in South Australia and Queensland for various reasons – but summed up by a large oversupply of capacity
A massive overhang of capacity seen today – leading to price suppression
Prices dropped below $0 in Queensland this morning – not for the first time in recent days…
This is the lowest I can remember seeing the STTM gas price at the Brisbane hub!
Spot prices in the doldrums with low demand and high production from wind and gas.
Reduced export capability over QNI south contributed to the low prices seen last week.
A further look at bidding behaviour (this time in Queensland) and the extent to which this is contributing to low prices
Have generators already removed the carbon tax from their bids, in July 2014 – and is this the reason why we observed prices plunging on 1st July?