AER revised revenue determinations for the 850 MW Waratah Super Battery in New South Wales. The decision extends the operational term of the 1,680 MWh facility and introduces a mechanism to return trading profits to consumers. The regulator also approved a modified System Integrity Protection Scheme agreement for the Akaysha Energy project following its full operationality.
The New South Wales spot price reached $23,107/MWh at the 14:20 dispatch interval on 12 October 2026. WattClarity estimated high temperatures increased market demand across the region. The volatility aligned with earlier pre-dispatch forecasts captured by NEMwatch and followed an initial spike to $1,341.98/MWh at 14:10. AEMO declared a forecast Lack of Reserve Level 1 condition for New South Wales between 15:30 and 16:00, which it later cancelled. The market operator also declared and cancelled a forecast Lack of Reserve Level 1 condition for the region between 18:00 and 19:00 on 13 October 2026.
The Australian Competition and Consumer Commission forecast a tightened East Coast gas surplus of 5 PJ to 15 PJ for the first quarter of 2027. The regulator attributed the