The AER reports on significant price variations in the Short Term Trading Market and the Victorian Gas Market.
This Significant Price Variation (SPV) report is published by the AER in accordance with the requirements under Rule 355(1)(b) of Part 19 of the National (Gas Rules). This report analyses the events of the 19 and 21 June 2024 gas days in the Victorian Declared Wholesale Gas Market (DWGM) when the daily ancillary service payments exceeded $250,000.