Tasmania

Tassie hits the Cumulative Price Threshold

For only the third occasion in the 10 1/2 years that the NEM has been operational, the Cumulative Price Threshold (CPT) has been reached. Yesterday evening, the CPT was reached in the Tasmanian region.



7th February 2006 – price spike in Tasmania

This week saw very low average prices across the NEM (below $21/MWh average across the week in all mainland regions).

Except for 2 half-hours in Tasmania on Tuesday 7th February (when the price rose to just over $1,000/MWh), prices in Tasmania remained at and around $30/MWh for the whole week.


23rd January 2006 – new record for peak NEM-Wide demand

Based on forecasts NEMMCO had been providing through their PASA process, we expected that it might prove that this week would deliver huge demand levels, and high prices.

Not to disappoint, the market did deliver high levels of demand in all regions:
(a) Peak demand levels were reduced somewhat from the huge levels the previous week in Victoria and South Australia;
(b) Demand levels were also still building to the record level to be experienced the following week in NSW;
(c) Peak demand levels in Queensland were fairly steady (and high) for most weeks of summer.
(d) In combination, a new NEM-wide peak demand target of 30,994MW was set on Monday 23rd January.