The AER monitors and reports on events and causes that result in the wholesale spot price of electricity exceeding $5000 per megawatt hour and frequency control ancillary services (FCAS) prices exceeding $5000 per megawatt or when the ancillary service payment in Declared Wholesale Gas Market exceeds $250 000. Since our last On The Wire market update period the AER have released or initiated reports on:
High ancillary services prices in South Australia on 22 May 2017
High wholesale electricity prices in Queensland on 12 February 2017
High wholesale electricity prices in Queensland on 11 February 2017
High wholesale electricity prices in New South Wales and Queensland on 10 February 2017.