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settlement periods
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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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Low carbon generation
Australian Chart of the week | Got your money; wind shaking up the merchant revenue order?
Ideal weather conditions for wind and solar across the NEM in recent weeks saw renewables hit new highs in the National Electricity Market (NEM). A recent update from the Australian Energy Market Operator (AEMO) indicated that around noon on the 20th of August, wind and solar contributed 11.7GW - 46.5%...
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Low carbon generation
Australian Chart of the week | Price cannibalisation in the NEM: dawn of new era?
Price outcomes in the NEM in recent weeks have left many wondering if the market is entering a new era of increased risk and volatility in prices even before 5-min settlement kicks in. In this week's Chart of the week, we look at prices at certain settlement periods. We analyse...
