Monday 31st July 2017 was a day (one of an increasing number in recent years) when dispatch prices for energy in South Australia dropped below $0/MWh – and, in this case, down to the Market Floor of -$1,000/MWh for the 13:30 dispatch interval.
We posted two images from NEM-Watch v10 on WattClarity here, to help to illustrate that there was more going on than just “energy” market considerations.
We also noticed that the Advertiser (in this article here) referenced our NEM-Watch Widget in their story about strong winds, and a transmission outage causing export limitations, contributing to negative prices in the region. Here’s a snapshot of some of the article:
Given we intend all of our products to “make complexity more understandable, so people can make better decisions” it’s always good to see people acknowledge that we deliver on that mission, in this way.