I'm a bit slow to post here, but thanks, for the insightful article and data, Alex! The great(!) thing about wholesale prices in the NEM is that, by design, they are allowed to vary much more widely than any other wholesale electricity market in the world. The market floor price and price cap are guard rails for situations where market participants. for whatever reason, couldn't agree a price within those boundaries. The wider those boundaries are, the fewer occasions they should show up. Further, if you agree that the cure for high prices is high prices then it is equally true that the cure for negative prices is negative prices and the cure for price volatility is price volatility!
Think the graph for "Cumulative rooftop solar installations" is actually *total* solar installations. State of Energy Market calls out ~18GW of rooftop PV, and another ~9GW of utility scale solar in the NEM. Then add it the stragglers in the West/North and offgrid and you get close to the 32GW number quoted by APVI.
Thanks ArchieBoi, great point. I was trying to find if there was a definitive source of the split somewhere, APVI just references the CER data, which I guess includes LGCs + STCs.
This was a fun read, thanks Alex!
Thank you! 🙏
Another cracker thanks Alex always appreciate your insights and wit.
Some cool graphs there Alex.
And good article!
Thanks Grant! Always love a good chart 😂
I'm a bit slow to post here, but thanks, for the insightful article and data, Alex! The great(!) thing about wholesale prices in the NEM is that, by design, they are allowed to vary much more widely than any other wholesale electricity market in the world. The market floor price and price cap are guard rails for situations where market participants. for whatever reason, couldn't agree a price within those boundaries. The wider those boundaries are, the fewer occasions they should show up. Further, if you agree that the cure for high prices is high prices then it is equally true that the cure for negative prices is negative prices and the cure for price volatility is price volatility!
Think the graph for "Cumulative rooftop solar installations" is actually *total* solar installations. State of Energy Market calls out ~18GW of rooftop PV, and another ~9GW of utility scale solar in the NEM. Then add it the stragglers in the West/North and offgrid and you get close to the 32GW number quoted by APVI.
Thanks ArchieBoi, great point. I was trying to find if there was a definitive source of the split somewhere, APVI just references the CER data, which I guess includes LGCs + STCs.