We reported previously that a price cap was invoked in Tasmania on Tuesday 16th June because the Cumulative Price Threshold was reached. In official terminology, this was an Administered Price Period (APP). At 04:00AM...
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.
We compiled a week-by-week summary of interesting events that occurred in the NEM - from 19th November 2006 through until 16th January 2007 (the day of the blackout).
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...
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...