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Electricity prices are spiking, ten times as much as normal. Here are some educated guesses as to why

  • Written by Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University
Electricity prices are spiking, ten times as much as normal. Here are some educated guesses as to whyShutterstock

Electricity prices in the short-term (“spot”) wholesale markets in Australia are surging again.

As I first drafted this, at 11.30pm on Tuesday, while electricity demands were not high, the prices quoted for each five-minute interval in Queensland, NSW, Victoria and South Australia were around A$250 per megawatt-hour, roughly...

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