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Electricity rates update: July 2017

Since our last wholesale electricity rates update on July 5, prices have gone up in New South Wales and Victoria by 4.3% and 2.5% respectively. Prices have dropped slightly in Queensland by 0.16% and by 2.7% in South Australia. The average increase in futures prices across the board was just short of 1%. Prices are still up by between 98 and 197% when compared to 24 months ago.

All states average

electricity rates update

 

Futures Price Movement since:Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-Jul-20171-Jun-20171-May-20171-Feb-20171-Aug-20161-Aug-2015
NSW – AverageUp 4.33%Down 7.79%Down 13.87%Up 10.97%Up 48.79%Up 97.87%
QLD – AverageDown 0.16%Down 13.33%Down 16.74%Down 7.73%Up 16.03%Up 44.00%
SA – AverageDown 2.71%Down 11.65%Down 11.09%Up 0.67%Up 12.05%Up 98.06%
VIC – AverageUp 2.53%Down 3.92%Down 7.24%Up 29.95%Up 90.37%Up 197.35%

 

Source: www.asxenergy.com.au

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

 

 

NSW electricity rates update

 

Futures Price Movement since:Current Month to Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-Jul-20171-Jun-20171-May-20171-Feb-20171-Aug-20161-Aug-2015
NSW – AverageUp 4.33%Down 7.79%Down 13.87%Up 10.97%Up 48.79%Up 97.87%

 

Wholesale futures prices in NSW trended up in July with an average total increase of 4.3%. 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 Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-Jul-20171-Jun-20171-May-20171-Feb-20171-Aug-20161-Aug-2015
QLD – AverageDown 0.16%Down 13.33%Down 16.74%Down 7.73%Up 16.03%Up 44.00%

 

Wholesale futures prices in Queensland dropped very slightly in July with an average total drop of 0.16%. 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 Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-Jul-20171-Jun-20171-May-20171-Feb-20171-Aug-20161-Aug-2015
SA – AverageDown 2.71%Down 11.65%Down 11.09%Up 0.67%Up 12.05%Up 98.06%

 

Wholesale futures prices in South Australia dropped in July with an average total decrease of 2.71%. 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 Date2 Months to Date3 Months to Date6 Months to Date12 Months to Date24 Months to Date
1-Jul-20171-Jun-20171-May-20171-Feb-20171-Aug-20161-Aug-2015
VIC – AverageUp 2.53%Down 3.92%Down 7.24%Up 29.95%Up 90.37%Up 197.35%

 

Wholesale futures prices in Victoria trended up in July with an average total increase of 2.53%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.

 

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