This figure shows the cumulative price* measured at each of the five daily schedules within a gas day.
*The cumulative price is the marginal clearing price accumulated over the previous 35 scheduling intervals (one week) which, if the cumulative price threshold (CPT)** is reached, triggers an administered price period during which the price cannot exceed $40/GJ.
** The CPT in the Declared Wholesale Gas Market (DWGM) reduced from $3,700 to $1,800 in 2014, and then again to $1,400 on 1 July 2020 as per Wholesale Market Administered Pricing Procedures (Victoria) V4.0
*** y-axis shown uses a logarithmic scale
