Market Commentary Very low demand and oversupply of renewables throughout the month of October led to very soft spot pricing, which in turn put negative …
October 2023 Electricity Market Review
Spring Renewables: Lower Prices, Higher Capacity
Spring brings about a notable change in the energy landscape as demand for electricity decreases and solar power production surges, with the oversupply resulting in …
Cheaper prices, more renewables and less coal – AEMO Q3 report
Reduced wholesale prices, reduced operational demand and declining coal versus ascendant renewables were the most salient points in The Australian Energy Market Operator’s (AEMO) Q3 …
Australia’s Energy Market: A Rollercoaster of Volatility and Price Hikes
Australia’s National Electricity Market (NEM) continues on an unpredictable journey, taking the title of the world’s most volatile energy market. Rystad Energy, a leading energy …
Price Cannibalisation: When Oversupply Drives Down Electricity Prices
As rooftop solar, commercial solar, wind and batteries take a more prominent role in electricity markets, price cannibalisation is becoming more frequent. This has radically …
Coal, renewable energy transmission and emerging technology – Three challenges for the National Energy Market
Replacing retiring coal plants, investment in transmission infrastructure for renewable energy and the growth of new electric technology were three key challenges identified by Australian …
Rebidding contributed to six instances of prices in excess of $5,000/MWh in May and June
The Australian Energy Regulator (AER) said rebidding by electricity generators contributed to six events where pricing breached $5,000 per MWh, but said this was mostly …
Concerns grow around Mount Piper generation capacity due to coal supply mine flooding
Energy Australia has warned that electricity generation may be disrupted at its 1,400 MW coal-fired Mount Piper power plant in New South Wales, adding to …
September 2023 Electricity Market Review
Market Commentary The Bureau of Meteorology has officially declared that Australia is facing an El Niño summer, which could put stress on the National Energy …
Concerns that Kogan Creek industrial action could push electricity prices up on the East Coast
Workers at CS Energy’s Kogan Creek commenced industrial action on Thursday 21 September, creating concerns over supply to the East Coast. The 16-year-old 750 MW …
