The Australian Energy Regulatory (AER) is required to publish a report whenever the electricity spot market 30-minute price exceeds $5,000/MWh and whenever consecutive 30-minute prices exceed $5,000/MW in FCAS markets.
This report includes high price events that occurred on:
- 9 April in NSW and Queensland
- 13 May in NSW and Queensland
- 28 May in NSW
- 11 June across all regions
- 12 June across all regions
- 26 June in NSW, Victoria, South Australia and Tasmania
The AER must consider whether the following factors contributed to the significant price outcomes:
- available capacity
- network availability
- offer, bidding and rebidding behaviour in respect of the relevant market.
The AER may consider the following matters:
- broader and ongoing market trends that may be contributing to the significant price outcomes
- any events and behaviours that may be detrimental to effective competition or efficient market operation
- any other matter which the AER considers relevant.