Spot prices rose across the NEM
May marked a clear transition away from the heavily solar-suppressed market conditions we saw throughout in April.
Average prices rose across every NEM region, while negative pricing fell substantially. The combination of cooler temperatures, shorter daylight hours and stronger underlying demand reduced renewable oversupply during the middle of the day and lifted prices across the market.
Despite this, the typical evening ramp remained the highest-value period of the day, continuing to support the value of batteries, demand response and flexible generation.
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