EnergyByte

An extensive monthly review on the Australian energy landscape through interactive and in-depth reports.
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Oct-24 Generation Report
Market Report paid

Oct-24 Generation Report

The NEM expanded its capacity by 167MW in October. While demand remained at historical lows, Generator-weighted Average prices strengthened across most regions. VIC continued to experience persistent negative prices, causing energy flows to shift towards regions with more favourable pricing.
12 min read
Oct-24 Spot Market Report
Market Report paid

Oct-24 Spot Market Report

Mild sunny weather led to record low minimum demand for the NEM as well as record lows in VIC and SA. Meanwhile QLD and NSW continued to separate from the rest of the NEM with significantly stronger power spot prices. Gas spot prices continued to rise with average prices around $13/GJ in October.
13 min read
Sep-24 Generation Report
Market Report paid

Sep-24 Generation Report

NEM capacity grew by 340MW in September. Strong winds and mild weather led to lower demand and extensive curtailment, depressing Generator-Weighted Average prices. Many farms increased reliance on Large-scale Generation Certificates for revenue. TAS transitioned from importer to net exporter to VIC.
12 min read
Sep-24 Spot Market Report
Market Report paid

Sep-24 Spot Market Report

The NEM Q3 average price finished the highest since the 2022 Energy Crisis despite extremely low September prices for VIC and TAS. In SA, volatile winds drove volatile spot prices, while mild days with high VRE crushed prices in VIC and TAS. Meanwhile, NSW and QLD had above average price levels.
14 min read
Sep-24 Financial Market Report
Market Report paid

Sep-24 Financial Market Report

Forward electricity contract prices went for a wild ride in Q3-24. Volatile weather played a significant part in driving price outcomes, with strong price rallies in July and August followed by softening prices in September, closing well below market expectations at the beginning of the quarter.
8 min read
Aug-24 Generation Report
Market Report paid

Aug-24 Generation Report

NEM capacity grew by 1,678MW in August. With temperatures rising, energy demand dipped, while consistent strong winds boosted supply, resulting in large curtailments and declined Generator-Weighted Average prices in most NEM regions. TAS still depended on VIC energy exports due to hydro shortage.
12 min read
Jul-24 Spot Market Report
Market Report paid

Jul-24 Spot Market Report

Electricity spot prices remained high across the NEM in July as very low temperatures drove strong demand. SA experienced extreme price volatility late in the month as cold temperatures coincided with very low wind generation. East Coast gas spot prices also remained high averaging above $13/GJ.
14 min read
Jul-24 Generation Report
Market Report paid

Jul-24 Generation Report

The NEM added 311MW of new generation capacity in July. Calm and cold weather conditions in SA, VIC, and TAS at the end of the month led to low wind output and market volatility. Gas generation increased to compensate. VIC exports to TAS reached record high levels for July.
13 min read
Jun-24 Spot Market Report
Market Report paid

Jun-24 Spot Market Report

Electricity and gas spot price volatility intensified in June. The portion of electricity spot prices around $300/MWh swelled pushing average monthly prices beyond $150/MWh. Average daily gas hub prices hit $28/GJ in Sydney and Melbourne after AEMO announced a gas supply risk for the coming months.
15 min read
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