A binding constraint (F_S+SETB_L1) with a high shadow price of $393.92/MWh activated in the NEM, indicating significant scarcity in the constrained region. This elevated marginal value reflects material uplift costs being imposed on the market to manage the physical limitation.
The high shadow price on the binding constraint F_S+SETB_L1 suggests a tight supply-demand balance where available generation could not be optimally dispatched due to the constraint, forcing more expensive generation to be called upon. Multiple binding constraints across the NEM at varying marginal values indicate that network limitations are simultaneously restricting power flows, compounding the scarcity effect and supporting the elevated constraint pricing.
Causal analysis generated by gridIQ's synthesis model from live AEMO market data: dispatch prices, generation mix, interconnector flows and market notices in the interval surrounding the event.