Electricity prices go sky high, and then negative

Extreme heat in SA and Victoria pushed the electricity market to its limits, with AEMO warning it might invoke emergency powers and prices spiking and then plummeting to negative numbers.

Following from the high demand on Tuesday, we were greeted with this ominous alert from the AEMO on Wednesday morning (08:14 NEM time), courtesy of a Local Alarm configured within a display copy of NEM-Watch in the office:

The main text was as follows:

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