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Electricity Rates Update – April 2017

Since our last wholesale rate update on March 28, electricity rates in NSW dropped slightly while QLD registered no change. Rates in South Australia and Victoria rose slightly. The drops could be attributed to a raft of energy production projects announced by the Federal Government, coupled with an announcement by the Prime Minister relating to gas export restrictions.

The current rates come against a backdrop of more uncertainty in Victoria due to the potential closure of the Loy Yang A power station which is at the centre of a trade dispute.

 

Average

Futures Price Movement

Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-May-20171-Apr-20171-Mar-20171-Dec-20161-Jun-20161-Jun-2015
NSW – AverageDown 1.48%Up 8.73%Up 28.50%Up 50.81%Up 99%Up 138.84%
QLD – AverageNo Change 0%Up 2.89%Up 11.77%Up 29.77%Up 50.8%Up 77.76%
SA – AverageUp 8.53%Up 10.97%Up 12.50%Up 20.28%Up 52.44%Up 150.01%
VIC – AverageUp 3.99%Up 18.37%Up 36.91%Up 59.36%Up 138.17%Up 214.36%

 

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 (slight drop)

 

Average

Futures Price Movement

Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-May-20171-Apr-20171-Mar-20171-Dec-20161-Jun-20161-Jun-2015
NSW averageDown 1.48%Up 8.73%Up 28.50%Up 50.81%Up 99%Up 138.84%

 

Wholesale futures prices in NSW trended down slightly in April with an average total drop of 1.48%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in NSW.

 

Queensland (stable – no change)

 

Average

Futures Price Movement

Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-May-20171-Apr-20171-Mar-20171-Dec-20161-Jun-20161-Jun-2015
QLD – AverageNo Change 0%Up 2.89%Up 11.77%Up 29.77%Up 50.8%Up 77.76%

 

Wholesale futures prices in QLD remained stable in April and no change was registered. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in QLD.

 

South Australia (increase)

 

Average

Futures Price Movement

Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-May-20171-Apr-20171-Mar-20171-Dec-20161-Jun-20161-Jun-2015
SA – AverageUp 8.53%Up 10.97%Up 12.50%Up 20.28%Up 52.44%Up 150.01%

 

Wholesale futures prices in South Australia trended upwards when compared with the previous month. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in SA.

 

Victoria (increase)

 

Average

Futures Price Movement

Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-May-20171-Apr-20171-Mar-20171-Dec-20161-Jun-20161-Jun-2015
VIC – AverageUp 3.99%Up 18.37%Up 36.91%Up 59.36%Up 138.17%Up 214.36%

 

Wholesale futures prices in VIC also trended up in April with an average total of 3.99%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in VIC.

 

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 t. 1300 852 770

 

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