The Market Price Cap increased to $23,200/MWh on 1st July 2026. This spike (at 14:20 on Monday 13th July 2026 in Tasmania) was the first experience of this.
The AEMC have confirmed that the MPC will rise to $23,200/MWh for the 2026–27 financial year — the second of three steps in the staged “rebuild” of the market cap's base rate.
A quick snapshot of regional prices, where the spot price in NSW hit the MPC at 11:00am NEM time.
So far today we've seen a $21,019.65/MWh intra-day price spread in NSW, underscoring just how far prices can swing in the NEM.
A brief but unexpected spike to the market cap in NSW in middle of today has prompted a closer look at the rapid demand jump, counter-price flows and binding constraints that shaped the outcome.
With the start of the new financial year, today marks the first step in the AEMC’s staged reform of the Market Price Cap, with it rising to $20,300/MWh — the first of three scheduled increases through to 2028.
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.
The AEMC has announced that the Market Price Cap will increase to $20,300/MWh from 1st July 2025. Should we be so surprised?
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.
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.
A short note about the AEMC's draft determination, published today.
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 that time.
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 ....
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).
Some quick notes about a price spike to the (newly raised) Market Price Cap in NSW this morning
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 for now.