Big price swings in South Australia allow smart users to capture benefits.
Recent volatility in South Australia’s (SA) wholesale electricity market has this week netted significant revenue for our Price Response customers.
Price volatility in the SA wholesale market is nothing new. Prices can fluctuate in minutes due to supply shortages, from minus $1,000 to $14,000 per megawatt hour. In recent months, a combination of unique factors has pushed energy prices in SA in the suppliers’ favour. Gas reserve shortages together with high winter demand, reduced baseload generation reserves and constraint issues with the Heywood interconnector have all forced prices up.
While this volatility creates pain for some: with chaos comes opportunity.
The best energy managers in the state are using Cloud automation technology to capture market volatility in real time as part of an integrated energy management strategy. Existing assets are being leveraged to generate revenue of more than $1,000MWh.
GreenSync’s Managing Director Phil Blythe said “We work closely with each client to develop a dispatch strategy that establishes rules and thresholds for when back up generation should be triggered. Our Cloud-enabled technology platform automatically starts or stops the customer’s assets in line with the market. Our Price Response customers are very happy right now.”
For more information on Price Response, contact our Head of Sales, Matt Townrow – firstname.lastname@example.org