The AER is required to publish a report whenever the spot price for electricity exceeds $5,000/MWh. It also has an obligation to publish a report when the ancillary service price exceeds $5,000/MW for a sustained period. These reports identify and describe the factors contributing to the high prices, including rebidding, network issues or changes to demand and generator availability.
Type
Sector
Electricity
Segment
Wholesale
Categories
$5000 report
Event date
Release date