PeterM wrote:zzsstt wrote:Whilst it makes a good "scare tactic" to quote the peak price, it has no relevance in the real world.
I'm not trying to scare anyone. Just pointing out that your peak spot prices were wrong by 100x.
As instantaneous peak prices are not really relevant to the discussion, I did not bother to search for the very highest peak prices, but was in fact looking at average prices. On rereading my statement
zzsstt wrote:the average spot price in NSW is about $0.04kwh, the worst case I can find is SA in mid summer, with a spot price of about $0.07kwh
I realise that I neglected to state "average" for the second price I quoted. It was, however, average prices to which I was referring.
And yes, there is a day in December 2009 when the NSW daily average (no doubt due to an outage or two) was up at $1.18kwh, however once again a single day does not justify the comment "If retailers can get their hands on extra electricity at about 90c/kW/Hr they would be very happy" when the average daily price is at about $0.03kwh.....
