On October 31, the National Energy Market registered the biggest daily drop in futures prices in its history. Just 16 days earlier, the NEM had …
October 2022 Electricity Market Review
Federal Government Budget forecasts 56 percent energy hike over two years as Treasurer mulls domestic gas price cap
After the Federal Budget, the Government has tasked the Australian competition watchdog to toughen the current code of conduct covering the gas industry and put …
Vales Point power plant given two years to cut emissions or face threat of early closure
The coal-fired Vales Point power plant in New South Wales must cut nitrogen oxide emissions within two years or may face early closure after a …
South Australia state energy control being considered after Federal Budget forecast
South Australia state energy control is being considered as the government looks for ways to shield homes and businesses from the huge energy prices forecast …
New 95 percent Victoria renewable energy target with a reboot of State Electricity Commission
A Victoria renewable energy target of 95 percent by 2035 and between 75 and 80 percent emissions reduction, has been set by the Labor Party …
Queensland renewable energy target set at 80% by 2035 with millions to be invested in Green hubs
The state government has set a Queensland renewable energy target of 80 percent by 2035 with 22 GW of new wind and commercial solar, 11.5 …
What are the factors that drive high energy prices and market instability?
In June and July 2022, various events contributed to extremely high energy prices and market instability that resulted in the suspension of trading and price …
September 2022 Electricity Market Review
The energy markets offered mixed news last month as futures contracts continued the sharp upward trend established in August. In better news, spot prices continued …
AGL brings closure of Loy Yang A forward by 10 years
AGL Energy has announced that it is bringing forward the closure of its Victorian brown-coal-fired Loy Yang A plant by 10 years to 2035. Built …
August 2022 Electricity Market Review
Futures contract prices performed an abrupt u-turn at the start of August, dashing hopes from the previous month that the energy price crisis might be …
