Since our last wholesale electricity rates update on August 3, prices have gone up in Queensland and New South Wales by 0.7% and 1.54% respectively. Prices have dropped slightly in South Australia by 0.37% and by 2.37% in Victoria. The average drop in futures prices across the board was of 1%. Prices are still up by between 40 and 178% when compared to 24 months ago.
All states average
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Aug-2017 | 1-Jul-2017 | 1-Jun-2017 | 1-Mar-2017 | 1-Sep-2016 | 1-Sep-2015 | |
| NSW – Average | Up 1.54% | Up 5.95% | Down 6.38% | Down 4.30% | Up 50.40% | Up 102.58% |
| QLD – Average | Up 0.70% | Up 0.54% | Down 12.72% | Down 14.00% | Up 15.34% | Up 40.45% |
| SA – Average | Down 0.37% | Down 3.07% | Down 11.98% | Down 1.30% | Up 6.94% | Up 88.63% |
| VIC – Average | Down 2.37% | Up 0.07% | Down 6.25% | Up 8.78% | Up 88.04% | Up 178.45% |
Source: www.asxenergy.com.au
Note: The above rates are based on the average of Calendar Year 2018, 2019, 2020 base load futures prices.
New South Wales electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Aug-2017 | 1-Jul-2017 | 1-Jun-2017 | 1-Mar-2017 | 1-Sep-2016 | 1-Sep-2015 | |
| NSW – Average | Up 1.54% | Up 5.95% | Down 6.38% | Down 4.30% | Up 50.40% | Up 102.58% |
Wholesale futures prices in NSW trended up in August with an average total increase of 1.54%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in NSW.
Queensland electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Aug-2017 | 1-Jul-2017 | 1-Jun-2017 | 1-Mar-2017 | 1-Sep-2016 | 1-Sep-2015 | |
| QLD – Average | Up 0.70% | Up 0.54% | Down 12.72% | Down 14.00% | Up 15.34% | Up 40.45% |
Wholesale futures prices in Queensland trended up in August with an average total increase of 0.70%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Queensland.
South Australia electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Aug-2017 | 1-Jul-2017 | 1-Jun-2017 | 1-Mar-2017 | 1-Sep-2016 | 1-Sep-2015 | |
| SA – Average | Down 0.37% | Down 3.07% | Down 11.98% | Down 1.30% | Up 6.94% | Up 88.63% |
Wholesale futures prices in South Australia trended down slightly in August with an average total drop of 0.37%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in South Australia.
Victoria electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Aug-2017 | 1-Jul-2017 | 1-Jun-2017 | 1-Mar-2017 | 1-Sep-2016 | 1-Sep-2015 | |
| VIC – Average | Down 2.37% | Up 0.07% | Down 6.25% | Up 8.78% | Up 88.04% | Up 178.45% |
Wholesale futures prices in Victoria trended down in August with an average total drop of 2.37%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.
About Leading Edge
Leading Edge Energy is an energy cost reduction consultancy. We assist our clients by applying a holistic lens to your energy costs whereby we guide you through the complete energy cost reduction cycle from rates minimization to energy efficiency, solar generation and battery storage.
Our initial review and assessment process is a complimentary service and you are not obliged to accept any offer that we recommend to you.
Call us today on 1300 852 770 or click here to get a quote and a free energy evaluation.
