Electricity prices are spiking, ten times as much as normal. Here are some educated guesses as to why
- Written by Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University
ShutterstockElectricity prices in the short-term (“spot”) wholesale markets in Australia are surging again.
As I first drafted this, at 11.30pm on Tuesday, while electricity demands were not high, the prices quoted for each five-minute interval in Queensland, NSW, Victoria and South Australia were around A$250 per megawatt-hour, roughly...
