Carl Daley

After a tumultuous winter for the Australian energy markets, the electricity and gas spot markets simmered down during August.

As July drew to a close, rays of light penetrated from the 2022 Energy Crisis. Market conditions are easing, but it may be a temporary phase emerging from the winter.

The month of June set new records on all fronts, leading the east coast of Australia energy market into a new paradigm.

The energy market in the NEM has now progressed from extraordinary to crisis, thereby becoming a topic of discussion at Sunday BBQ’s and Board Rooms across Australia.

The Australian east coast energy market has reached an important juncture as the market grapples with the renewable transition and absorbs the global impact of rising energy prices. Origin Energy's CEO Frank Calibri prediction that, “It's going to get messy”, has arrived.

The month of March has been another significant month as Australia has not been immune from the global upward energy price pressures, by experiencing an unparalleled surge in energy costs for the forthcoming Australian winter, which has flowed through to forward prices for the next few years.