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market price cap
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Commercial and market outlook
Zap, Crackle, Pop! SA’s shocking electric dance party on the 11th
Across the mainland states in the NEM, South Australia (SA) relies heavily on variable renewable energy (VRE) resources. SA is an excellent subject to test the premise “What if the wind doesn’t blow, and the sun doesn’t shine”? Negative spot prices persist in South Australia due to an abundant supply...
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Low carbon generation
Australian Chart of the week | Up and down: price volatility in Queensland
In our previous ‘Chart of the week’, we observed increased intraday price volatility since late May, where we are seeing higher morning and evening prices. The Australian Energy Market Operator’s (AEMO’s) released Quarterly Energy Dynamics (QED) report for Q2 2021 attributed the price increase to reduction of thermal generation supply...
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Energy storage and flexibility
Australian Chart of the week | Push it to the limit: the evolution of MPC & market tightness
With summer officially starting last Tuesday, the National Electricity Market (NEM) is about to go through the season that typically has the highest demand. Market tightness usually seen during summer sometimes pushes power prices to their maximum level – the Market Price Cap (MPC) – currently set at $15,000/MWh. In...
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Energy storage and flexibility
Australian Chart of the week | Is now the time to consider an operating reserve service?
This summer has already seen a number of instances of tightening supply/demand balance across the National Electricity Market (NEM). This has consequently resulted in a range of reactions from the market operator (AEMO) and other market stakeholders. There were extreme weather events as well as fluctuating supply and disruptions. As...
