Blog News

Wholesale Energy Markets Brace for Hazelwood Announcement

Uncertainty is prevailing in wholesale electricity markets across the NEM, with the future of the Hazelwood brown coal power station potentially being decided by the end of this week. Hazelwood’s owner, French company Engie, is meeting this Thursday (20/10/2016) to decide on the closure of one of the largest, cheapest and dirtiest generators in Australia.

Whilst the market will likely withstand the closure of Hazelwood from an energy security standpoint, removing some of the cheapest power from the generation mix will almost certainly result in sustained upward pressure on wholesale electricity rates in Victoria, NSW and SA.   

Major electricity retailers are already bracing themselves for the uncertainty. They are ceasing quoting activity from Wednesday and Thursday pending the outcome of the meeting.

And so this crazy electricity market continues its volatile trend upwards..…

Need some help?

Leading Edge Energy is an energy cost reduction specialist. Our holistic approach to energy cost management helps to guide business operators through the complete energy cost reduction cycle from rates minimization (retail energy charge) to energy efficiency, solar generation and storage.


Speak to an Energy Expert

Ben Walllington
0412 676 114
Madonna Ghajar
0412 046 022
Ewen Beard
0481 345 181