Key electricity market observations for the week ending 26 April 2019:
QLD weekly average spot price and demand were $57.62/ MWh and 5,955 MW respectively. Average spot price was $12.90/MWh below the average from the previous week. Evening electricity prices were marginally lower than the previous week.
NSW weekly average spot price and demand were $63.06/ MWh and 7,040 MW respectively. Spot prices were $24.17/ MWh softer than the week prior and demand was 220 MW softer. Softer demand was largely driven by the public holidays.
On Thursday there were intervention prices in SA which ran until midday on Friday. Intervention prices were in place as a result of a direction from AEMO for synchronous generation to come online in order to maintain system strength and reliability.
VIC weekly average spot price and demand were $75.91/ MWh and 4,308 MW respectively. The VIC weekly average spot price was $23.79/MWh below the previous week, and demand 208 MW below.