Prices above $5000/MWh - 2 March 2020 (South Australia)

Sector: 
Segment: 
Category: 
$5000 report
Related provisions: 

Clause 3.13.7(d) of the National Electricity Rules.

Event date: 
2 March 2020
Release date: 
29 April 2020

Overview

The AER is required to publish a report whenever the spot price for electricity exceeds $5000/MWh. It also has an obligation to publish a report when the ancillary service price exceeds $5000/MW for a sustained period. These reports identify and describe the factors contributing to the high prices, including rebidding, network issues or changes to demand and generator availability.