Carl Daley

As the year approaches an end, we thank all visitors and subscribers to energybyte. We also wish everyone a safe and enjoyable Christmas and New Year. Finally, we recap on market prices over summer, which appear very hot, perhaps too hot and unlikely to be reached.

Basslink which connects the mainland and Tasmania was placed into voluntary administration. This article recaptures the history, reviews the financial performance of Basslink against HydroTas Board's expectations, and then finally discusses potential buyers.

The Price Shock experienced by the wholesale electricity market over the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.

Victorian network charges have undergone significant change and the new 5-year regulatory period has led to changes to network tariffs occurring on 1 July instead of 1 January each year, thereby aligning with the other States.

Record spot prices put stresses on market players and pool exposed customers. It would not be surprising if a small retailer fails over the next few months, in a similar way as previous shocks.