AER: reporting on high wholesale prices in VIC and SA

“The Australian Energy Regulator (AER) has released its analysis into high wholesale electricity spot prices on 7 February in South Australia and Victoria.

The AER monitors and reports on events and causes that result in the wholesale electricity spot price exceeding $5000 per megawatt hour (MWh). The wholesale electricity spot price exceeding this threshold triggers the AER reporting, but there can be many reasons a high spot prices occurs, including supply-demand conditions in the wholesale market at the time.

On Wednesday 7 February 2018, spot prices exceeded $5000/MWh for one trading interval at 4 pm in Victoria and South Australia, reaching $6847/MWh and $8001/MWh respectively…”

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