8 hour average prices

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nem
prices
Author

David Leitch

Published

April 14, 2024

8 hour price averages

One of the things I am constantly on about these days is the value of power over duration. Given a choice between more power and more duration I choose the former.

Nevertheless I had a quick look at 8 hour average prices ove the past 12 months. 8 hours is the sort of number talked about in pumped hydro sector. But how much more useful are hours 3-8 over hours 1 and 2? There are a few different answers to the question. ITK’s Nem-dash shows daily spreads for different durations but here I just look at average prices:

top 5%, Data source: NEM review

top 5%, Data source: NEM review

and for the low side if you are charging your pumped hydro

lowest 8 hour average prices. Data source: NEM Review

lowest 8 hour average prices. Data source: NEM Review

Of course price is way more complex and nuanced than these simple graphs, but they serve as a reminder of highs and lows.