EnergyByte

Low Easter Spot Prices

Victorian Easter spot prices were the lowest in 23 years, with Good Friday and Easter Saturday averaging below zero. South Australia has now averaged around $30/MWh for 5 of the last 7 years. Base swap forward prices for Q2-26 have returned to mid-February levels and VIC is at a record low.

4 min read Apr 8, 2026

Market Wrap public

Are we facing a repeat of 2022?

Carl Daley

In the second quarter of 2022, Australia experienced exceptional gas and electricity prices triggered by the Russian invasion of Ukraine causing Europe to seek alternative energy sources. Is this year on a similar trajectory because of the ongoing Middle East conflict?

5 min read Mar 31, 2026

Market Wrap public

Middle East Impact on Prices

Carl Daley

The Middle East conflict is having a global impact on energy prices as oil shipping and production is impacted along with Qatar LNG exports also being impacted. We track the impact on Australian electricity prices.

4 min read Mar 12, 2026

Market Report public

Solar Eclipse Continues

Carl Daley

An update of the challenges facing the solar industry, likening to a "solar eclipse." It highlights a significant decline in solar energy prices, curtailment levels affecting revenue, and the financial stresses. Despite the potential of solar power, investment experiences remain complicated.

5 min read Mar 6, 2026

Market Report paid

Soft Prices Ready to Rally

Carl Daley

Record low QLD and NSW prices for 2026 and 2027 have evolved while VIC has held firm at lower levels. However, by mid-2028 the Yallourn closure will trigger the price bounce consolidated by the Gladstone and Earing closures in 2029. Higher prices are then expected to prevail for the next 3 years.

9 min read Mar 5, 2026

Market Wrap paid

Record Low Forward Prices

Carl Daley

NSW customers can now lock in power and LGC costs below any 2026 price level at record lows for 2027 and 2028. Forward prices in NSW and QLD have materially softened, while LGC prices have collapsed. Together, businesses have an unprecedented chance to secure energy costs at record-low levels.

4 min read Feb 17, 2026

Market Report paid

Week Ending Sunday 15 February

Carl Daley

Spot prices softened across mainland NEM in the week ending Sunday 15 Feb 2026. Forward markets cooled and Q1-26 traded up mid-week only to soften by the end of the week. Across ASX Energy periods, NSW volumes shrank while QLD surged.

5 min read Feb 16, 2026

Market Report paid

NSW and QLD Price Spikes Fade

Carl Daley

The predicted extreme spot prices in NSW and QLD did not eventuate yesterday and therefore did not correct the negative sentiment evident in the market. We all wait for the next chapter to evolve.

3 min read Feb 12, 2026

Market Report paid

Big Sentiment Day for NSW

Carl Daley

After every NSW quarter last year settled below its 2024 counterpart and January 2026 spot delivered the weakest in five years, the market mood has turned bearish. Put-option volume has more than doubled year on year. Will today’s predicted extreme spot price break that pessimism?

6 min read Feb 11, 2026

Market Report paid

Summer Price and Demand

Carl Daley

Across the recent summer window since 1 December, the four mainland regions of the NEM have taken sharply different paths. Demand reached, and in places eclipsed, long-run highs, yet price responses were anything but uniform.

5 min read Feb 10, 2026

Market Report paid

Melbourne 40 °C Days

Carl Daley

During the National Electricity Market’s life, a forecast of 40 °C in Melbourne heralds high or record demand, a reduction in turbine efficiency, reserve squeeze and high interconnector dependency causing NSW price separation with extreme Victorian spot prices. However, has the market changed?

6 min read Feb 9, 2026

public

Australia Day 2026

Carl Daley

Australia Day 2026 in South Australia played out as a challenging day with searing heat, a mid-day wind slump, and a valiant yet ultimately exhausted, fleet of big batteries.

3 min read Jan 30, 2026