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Electricity rates update: December 2017

Electricity rates: Futures prices dropped in all states under review from 1 December 2017 to 10 January 2018. The biggest drops were experienced in Queensland and Victoria with 2.5% and 2.3% respectively. New South Wales followed with 2.1% and South Australia with 1.5%. The average drop in futures prices across the board was of 2.1%. Prices are still up by between 35% and 148% when compared to 24 months ago.

All states average

Futures Price Movement since:Current Month to DateLast Month to Date3

 

Months to Date

6

 

Months to Date

12

 

Months to Date

24

 

Months to Date

1 Jan

 

2018

1 Dec

 

2017

Nov

 

2017

1 Aug

 

2017

1 Feb

 

2017

1 Feb

 

2016

NSW – AverageDown

 

3.42%

Down 2.06%Down 2.45%Up

 

1.17%

Up

 

12.21%

Up 85.07%
QLD – AverageDown

 

2.77%

Down 2.46%Down 4.40%Down 2.35%Down 9.98%Up

 

28.72%

SA – AverageDown

 

1.11%

Down 1.52%Down 0.16%Down 1.86%Down 1.19%Up

 

35.31%

VIC – AverageDown

 

2.16%

Down 2.28%Down 2.65%Down 2.54%Up 26.43%Up 147.90%

Source: www.asxenergy.com.au

Note: The above rates are based on the average of Calendar Year 2018, 2019, 2020 baseload futures prices.

New South Wales electricity rates update

Futures Price Movement since:Current Month to DateLast Month to Date3

 

Months to Date

6

 

Months to Date

12 Months to Date24 Months to Date
1 Jan

 

2018

1 Dec

 

2017

1 Nov

 

2017

1 Aug

 

2017

1 Feb

 

2017

1 Feb

 

2016

NSW – AverageDown

 

3.42%

Down 2.06%Down 2.45%Up

 

1.17%

Up

 

12.21%

Up 85.07%

Wholesale futures prices in New South Wales dropped in December by an average of 2.1%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in New South Wales.

Queensland electricity rates update

Futures Price Movement since:Current Month to DateLast Month to Date3

 

Months to Date

6

 

Months to Date

12 Months to Date24 Months to Date
1 Jan

 

2018

1 Dec

 

2017

1 Nov

 

2017

1 Aug

 

2017

1 Feb

 

2017

1 Feb

 

2016

QLD – AverageDown

 

2.77%

Down 2.46%Down 4.40%Down 2.35%Down 9.98%Up

 

28.72%

Wholesale futures prices in Queensland dropped in December by an average of 2.5%. 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 DateLast Month to Date3

 

Months to Date

6

 

Months to Date

12 Months to Date24 Months to Date
1 Jan

 

2018

1 Dec

 

2017

1 Nov

 

2017

1 Aug

 

2017

1 Feb

 

2017

1 Feb

 

2016

SA – AverageDown

 

1.11%

Down 1.52%Down 0.16%Down 1.86%Down 1.19%Up

 

35.31%

Wholesale futures prices in South Australia dropped in December by an average of 1.5%. 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 DateLast Month to Date3

 

Months to Date

6

 

Months to Date

12 Months to Date24 Months to Date
1 Jan

 

2018

1 Dec 20171 Nov 20171 Aug 20171 Feb 20171 Feb 2016
VIC – AverageDown

 

2.16%

Down 2.28%Down 2.65%Down 2.54%Up

 

26.43%

Up 147.90%

Wholesale electricity futures prices in Victoria dropped in December by an average of 2.3%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.

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