Is the price right? A historical exploration into the NEM’s price cap
Dan dives into the history of the NEM’s market cap and explores how high-end prices contribute to regional settlement costs and cap payouts.
Market Price Cap
Up, up and away … Market Price Cap to increase by $2,800/MWh (or 16%)
The AEMC has announced that the Market Price Cap will increase to $20,300/MWh from 1st July 2025. Should we be so surprised?
Mercury Rising: Recent NSW prices and the impact on customers
Oliver Nunn of Endgame Analytics provides this summary of NSW price, demand and generation trends to provide context about what has happened in the region over the past several weeks.
Victorian renewable generation on 13 February 2024: One picture and a thousand (sorry, many more) words
Guest author, Allan O'Neil, takes us several steps further in understanding the events in Victoria on Tuesday 13th February 2024 - especially with respect to VRE (wind and solar) production.
AEMC proposes to progressively increase MPC to $22,800/MWh by 1 July 2027 (amongst other changes)
A short note about the AEMC's draft determination, published today.
Reliability Panel publishes final report from 2022 Reliability Standard and Settings Review
Another high profile report that's been released this week is today's Reliability Standard and Settings Review (from the Reliability Panel)... flagging some changes to settings from 1st July 2025, and some further changes after...
Another LOR2 (and RERT Negotiations), out of the blue…
A quick article with the unfolding situation this afternoon in Victoria - tight supply/demand balance, price spike to the Market Price Cap, and RERT negotiations ....
Five fixes for the NEM
Load shedding in South Australia on Wednesday 8 February and successive ‘close shaves’ in NSW and Queensland as the heatwave spread north have exposed serious weaknesses in the national electricity market (NEM).
Price hits the new Market Price Cap in NSW this morning
Some quick notes about a price spike to the (newly raised) Market Price Cap in NSW this morning
Prices see-saw over the full $13,250/MWh price range – but it’s all revised!
A record of how a day of see-sawing prices appeared (in real time) in NEM-Watch Note that the high prices have since been revised, but the low prices (down to -$1000/MWh) remain, at least...