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 all occurred in South Australia on:
- 2 July
- 24 July
- 27 July
- 3 August
- 4 August
- 7 August
- 8 August
- 9 August
- 16 August
- 17 August
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.