Prices above $5000/MWh - 1 December 2016, 12.16 am event (SA)

$5000 report
Event date: 
1 December 2016
Release date: 
2 February 2017


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.