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Electricity rates update – January 2018

Electricity rates – Futures prices dropped in all states under review from 1 January 2018 through to 12 February 2018. The biggest drop was experienced in New South Wales with 4%. Queensland and Victoria followed with 2.5% and 2.2% and South Australia with 1.4%. The trend was established through the month of January and continued into February, except for NSW and Victoria which edged up slightly. The average drop in futures prices across the board was of 2.5% from 1 January to date. Prices are still up by between 26% and 153% when compared to 24 months ago.

All states average

Futures Price Movement since:Current Month to Date2

Months to Date

3

Months to Date

6

Months to Date

12

Months to Date

24

Months to Date

1 Feb

2018

1 Jan

2018

1 Dec

2017

1 Sep

2017

1 Mar

2017

1 Mar

2016

NSW – AverageUp

0.26%

Down 3.97%Down 2.98%Down 1.32%Down 7.92%Up

84.51%

QLD – AverageDown

0.04%

Down 2.54%Down 2.31%Down 1.46%Down 17.16%Up

31.59%

SA – AverageDown

0.08%

Down 1.39%Down 1.67%Down 3.39%Down 3.83%Up

26.22%

VIC – AverageUp

0.65%

Down 2.23%Down 2.32%Down 0.94%Up

7.51%

Up

153.25%

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

Futures Price Movement since:Current Month to Date2

Months to Date

3

Months to Date

6

Months to Date

12

Months to Date

24

Months to Date

1 Feb

2018

1 Jan

2018

1 Dec

2017

1 Sep

2017

1 Mar

2017

1 Mar

2016

NSW – AverageUp

0.26%

Down 3.97%Down 2.98%Down 1.32%Down 7.92%Up

84.51%

Wholesale futures prices in New South Wales dropped in January by an average of 3.97%. 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

Futures Price Movement since:Current Month to Date2

Months to Date

3

Months to Date

6

Months to Date

12

Months to Date

24

Months to Date

1 Feb

2018

1 Jan

2018

1 Dec

2017

1 Sep

2017

1 Mar

2017

1 Mar

2016

QLD – AverageDown

0.04%

Down 2.54%Down 2.31%Down 1.46%Down 17.16%Up

31.59%

Wholesale futures prices in Queensland dropped in January by an average of 2.6%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Queensland.

South Australia electricity rates

Futures Price Movement since:Current Month to Date2

Months to Date

3

Months to Date

6

Months to Date

12

Months to Date

24

Months to Date

1 Feb

2018

1 Jan

2018

1 Dec

2017

1 Sep

2017

1 Mar

2017

1 Mar

2016

SA – AverageDown

0.08%

Down 1.39%Down 1.67%Down 3.39%Down 3.83%Up

26.22%

Wholesale futures prices in South Australia dropped in January by an average of 1.4%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in South Australia.

Victoria electricity rates

Futures Price Movement since:Current Month to Date2

Months to Date

3

Months to Date

6

Months to Date

12

Months to Date

24

Months to Date

1 Feb

2018

1 Jan

2018

1 Dec

2017

1 Sep

2017

1 Mar

2017

1 Mar

2016

VIC – AverageUp

0.65%

Down 2.23%Down 2.32%Down 0.94%Up

7.51%

Up

153.25%

Wholesale futures prices in Victoria dropped in January by an average of 2.2%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.

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