Stage: II (Review) Status: Complete Date commenced: 16/12/2010

We reviewed this situation and reported on its causes.

Towards the end of November 2010, wholesale spot prices began to increase and climbed quite rapidly throughout the first three weeks of December. We 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.

Wholesale electricity prices: December 2010

In the report we emphasised (in section 4.3) that there appeared 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 noted that the System Operator intended to provide us with a letter explaining its position on these matters.

Wholesale electricity prices: December 2010 - lett