Prices above $5,000/MWh - 21 May 2021 (NSW)

Sector: 
Segment: 
Category: 
$5000 report
Event date: 
21 May 2021
Release date: 
8 July 2021

Overview

The AER is required to publish a report whenever the spot price for electricity exceeds $5,000/MWh. It also has an obligation to publish a report when the ancillary service price exceeds $5,000/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.