AEMO’s Quarterly Energy Dynamics (QED) report just came out today for Q1 2021. Of particular interest is the South Australian region which has been experiencing incredibly low prices thanks to the high levels of renewables in the market.
At the same time, these low prices have created system security challenges for the market operator. In fact over the past quarter, AEMO has had to intervene in the market a record 70% of the time to ensure that at least one gas powered generator remained running.