Yesterday at 1.30pm the price crashed to -14c/kwh.
Rooftop solar is huge
The price slump was caused by incorrect timing of the peak network charge. & regulators failure to provide any way for domestic solar to respond to price slumps. Most just keeps generating. S.A. have an emergency system to turn solar off entirely & owner pays for using power they could have generated!
Friday had a -14c slump at 1.30pm - lots of rooftop solar. They don't predict these & one bad afternoon can blow a week's feed in tarrif.
I've mostly turned off my exports. It's not worth the effort. Most retailers absorb big -ve feed in costs. It's illogical & a failure to plan & regulate.
#auspol #AEMO






