The NSW government-commissioned review of the state’s electricity network has recommended an Eraring extension, Australia’s largest coal-fired power station, while the Victorian government has pledged …
July 2023 Electricity Market Review
Market Commentary Weak electricity spot prices throughout July 2023 were triggered by several factors, including the New South Wales Coal cap, and weaker winter demands …
Readiness for 100 per cent instantaneous renewables is key to renewable energy transition
The Australian Energy Market Operator has outlined four key action points to accelerate the transition from fossil fuels to 100 % renewable energy, emphasising instantaneous …
June 2023 Electricity Market Review
Market Commentary Record amounts of wind generation contributed to a solid electricity supply in June, leading to substantial price drops in the wholesale and spot …
May 2023 Electricity Market Review
Market Commentary In May 2023, we saw just how tight the link between electricity demand and supply has become in determining energy prices as events …
April 2023 Electricity Market Review
Market Commentary It’s official. AGL’s 2051 MW Liddell coal plant ceased operations 52 years after the four units at the generator first fired up. The …
March 2023 Electricity Market Review
Market Commentary March 2023 saw wholesale electricity prices around the country rise sharply in response to various factors, including the new Safeguard Mechanism passed in …
February 2023 Electricity Market Review
Market Commentary The Federal Government has upped the ante to put downward pressure on gas and electricity prices by proposing a curb on Queensland exports …
January 2023 Electricity Market Review
Wholesale electricity futures and spot prices registered a significant uptick mid January before stabilising at the end of the month. Prices are still almost double …
What’s the difference between electricity spot market and futures market rates?
Electricity spot prices reflect the current market cost determined by supply and demand, whereas electricity futures prices predict the cost of electricity at a future …