Today is a stinker here in Brisbane with high temperatures across the state and high humidity to match.
I'm not even going to list out all the WattClarity articles on what we're expecting this evening. https://wattclarity.com.au/ The AEMO forecasts have another 5 intervals over $16,000 per MWh and very high prices for the same 6pm to 7pm period. It'll depend really on how many people get home and turn their air conditioners on rather than leaving them on through the day whilst the solar works hard.
Temperatures look to drop after today, so the NEM will settle again and our revenue will go back to normal chugging along slowly, so nothing untoward expected in the QLD market from Tuesday onwards.
GNX Price at posting:
16.3¢ Sentiment: None Disclosure: Held