Despite the growth of renewables, coal remains the most frequent price setter in the Australian electricity market

Despite the growth of renewables, coal remained one of the most frequent price setters in the National Electricity Market (NEM), accounting for 30% of intervals, only slightly behind hydro (31%). During Queensland’s all-time maximum demand of 11,144 MW on 22 January, tight supply-demand conditions occurred during the evening peak, when grid-scale solar had ramped down and wind output was low. […]