Today the Western Australian Wholesale Energy Market hit the price floor of -$1000/MWh for the first time on a weekday.
Energy project modeling in the Australian National Electricity Market
NEM Market
Australia’s National Electricity Market (NEM) covers Queensland, New South Wales, Victoria, South Australia, and Tasmania. It is an energy-only gross pool Spot market with 5-minute settlement, and includes Frequency Control Ancillary Services (FCAS) and Wholesale Demand Response (WDR).
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