Prices above $5,000/MWh - 8 & 9 March 2022 (Queensland)

Sector: 
Segment: 
Category: 
$5000 report
Event date: 
8 March 2022
Release date: 
12 May 2022

Overview

The Australian Energy Regulatory (AER) is required to publish a report whenever the 30-minute 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.