With the onset of spring in September, we typically observe a drop in demand in NEM. However, this year the decline in demand has seen NEM and multiple states breaking several records for minimum operational demand in the middle of the day, which is largely driven by solar penetration in NEM.
In this Chart of the week, we examine the generation by technology and volume weighted price within Victoria using a time-of-day average for the month of September 2021. Comparing with September of last year, we provide commentary on the drivers behind the negative price trend and the impact this may have on the ramping of brown coal generators in Victoria.
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