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Electricity rates update: October 2017

Since our last wholesale electricity rates update on October 11, futures prices to date have gone up in all states under review. The biggest increase was experienced in Queensland with 1.5%, followed by Victoria with 0.8%, South Australia with 0.3% and New South Wales with 0.1%. The average increase in futures prices across the board was of 0.9%. Prices are still up by between 37% and 168% when compared to 24 months ago. Futures prices have increased across the board with an average of 2.5% to date since the Government announced the National Energy Guarantee on 16 October.

 

All states electricity average

 

 

 

Futures Price Movement since:

Current Month to DateLast month to DateTwo months to DateSix months to Date12 months to Date24 months to Date
1 Nov

2017

11 Oct 201711 Sep 201711 Jun 201711 Dec 201611 Dec 2015
NSW – AverageUp

0.07%

Up

0.13%

Up

3.24%

Down 1.77%Up 30.32%Up

99.62%

QLD – AverageDown

0.28%

Up

1.46%

Up

3.49%

Down 9.99%Up

6.90%

Up 37.08%
SA – AverageUp

0.09%

Up

0.30%

Down 2.33%Down 12.75%Up

3.87%

Up 39.20%
VIC – AverageUp

0.42%

Up

0.82%

Up

4.46%

Up

0.94%

Up 44.76%Up 168.20%

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 DateTwo months to DateSix months to Date12 Months to Date24 Months to Date
1 Nov

2017

11 Oct 201711 Sep 201711 Jun 201711 Dec 201611 Dec 2015
NSW – AverageUp

0.07%

Up

0.13%

Up

3.24%

Down

1.77%

Up

30.32%

Up

99.62%

Wholesale futures prices in NSW trended up slightly in October with an average total increase of 0.13%. 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 DateLast month to dateTwo months to DateSix months to Date12 Months to Date24 Months to Date
1 Nov 

2017

11 Oct 201711 Sep 201711 Jun 201711 Dec 201611 Dec 2015
QLD – AverageDown

0.28%

Up

1.46%

Up

3.49%

Down 9.99%Up

6.90%

Up

37.08%

Wholesale futures prices in Queensland registered the highest increase from 11 October to date with an average total increase of 1.5%. 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 dateTwo months to DateSix months to Date12 Months to Date24 Months to Date
1 Nov

2017

11 Oct 201711 Sep 201711 Jun 201711 Dec 201611 Dec 2015
SA – AverageUp

0.09%

Up

0.30%

Down 2.33%Down 12.75%Up

3.87%

Up 39.20%

Wholesale futures prices in South Australia trended up in October with an average total increase of 0.3%. 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 dateTwo months to DateSix months to Date12 Months to Date24 Months to Date
1 Nov

2017

11 Oct 201711 Sep 201711 Jun 201711 Dec 201611 Dec 2015
VIC – AverageUp

0.42%

Up

0.82%

Up

4.46%

Up

0.94%

Up 44.76%Up 168.20%

Wholesale futures prices in Victoria trended up in October with an average total increase of 0.8%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.

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