This page contains price databases and analysis for Australia Merchant Markets. The page demonstrates how you can update Australia merchant prices and illustrates various aspects of the markets. There are separate Australia merchant electricity price files for the different regions of Australia. As with other merchant markets, I present some discussion of the prices at the bottom of the page. The files for the Australia come from websites below. I did not a place where in the websites where you can find hourly data. The set of Australia merchant power files have techniques to put the data together from separate files listed on the Australia merchant price websites.
How you can Update the Australia Merchant Price Databases by Yourself
There are two websites for the Australia market that are listed below. Both the websites are transparent and provide a lot of data. You can even get hourly prices along with the demand levels for five regions of Australia — New South Wales, Southern Australia, Queensland and Victoria. It is painful to download the separate monthly files with history, but the good news is that once you have done this, you don’t have to do it again.
I have used a macro that allows you to put all files in a directory together in a single file. Then you can use the INDIRECT function to get all of the prices into a comprehensive database. The different files below demonstrate how to put the data together and evaluate the price spikes.
Lessons from Studying the History of Australia Market Prices
The Australia market is interesting as it has no capacity prices and allows price spikes. You can therefore use the markets in Australia to evaluate allowing price caps relative to attempting to make a separate capacity market (that requires some regulations) along with price caps on energy prices.