Prices above $5000/MWh - 7 February 2018 (Vic and SA)

Sector: 
Segment: 
Category: 
$5000 report
Event date: 
7 February 2018
Release date: 
11 April 2018

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.