2010 enquiries, reviews and investigations
Wholesale electricity prices: December 2010
| Stage: II (Review) | Status: Complete | Date commenced: 16/12/2010 |
Towards the end of November 2010, wholesale spot prices began to increase and climbed quite rapidly throughout the first three weeks of December. The Authority reviewed this situation and reported on its causes. The report highlights the importance of timely and reliable information for a well functioning wholesale electricity market.
In its report on high prices in December 2010, the Authority emphasised in section 4.3 that there appears to be some confusion regarding the operation of the Emergency Management Policy (EMP) and the Security of Supply Information and Forecasting Policy (SoSFIP), Paragraph 4.3.11 of the report notes that the System Operator intended providing the Authority with a letter explaining its position on these matters.