Eric Chan - EnergyByte (Page 4)

Nov-23 Spot Market Report

Electricity spot prices rose in November, as lower levels of VRE generation was replaced by gas-powered generation, although the increase in GPG did not prevent gas spot prices from softening from around $12/GJ to $9/GJ. Highlights from energy market news feature significant updates for the market.

11 min read Dec 11, 2023

Market Report paid

Nov-23 Financial Market Report

Jay Ros, Eric Chan, Carl Daley

November 2023 was the second most heavily traded month in history as the market softened throughout the month. Spot prices for Q4-23 continue to fail to deliver to previous market expectations.

4 min read Dec 5, 2023

Market Report paid

Oct-23 Financial Market Report

Jay Ros, Eric Chan, Carl Daley

Electricity spot prices continued to fall well short of market expectations in October, driving down the Q4-23 forward price. The sentiment of the market outlook is mixed with some Regions strengthening and others softening.

5 min read Nov 21, 2023

Market Report paid

Oct-23 Spot Market Report

Jay Ros, Eric Chan, Carl Daley

Could this be the calm before the storm? Low demand and high renewable generation crushed electricity spot prices during October, but how long can it last? El Niño continues to threaten a hot and dry summer with AEMO's Summer Outlook painting the picture of a market on a knife's edge.

15 min read Nov 17, 2023

Market Report paid

Sep-23 Spot Market Report

Jay Ros, Carl Daley, Eric Chan

Our Monthly Report continues with Spot Market prices where a mild September and high VRE generation brought softening electricity prices, while gas spot prices have fallen to pre-2022 price levels due to soft demand, high production and storage levels, price caps and softer international prices.

17 min read Oct 19, 2023

Market Report paid

Sep-23 Financial Market Report

Jay Ros, Carl Daley, Eric Chan

Continuing low spot prices impacted forward expectations despite the warnings of bushfires, a hot summer and possible shortages. Last October the forward market peaked, but this October is set for a downhill run as Spring conditions of plenty of wind and increasing sunshine prevail.

6 min read Oct 12, 2023

Market Report paid

Aug-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

The electricity market bucked the trend in August with stronger spot prices and bullish activity in the electricity forward market. Revised ESOO reliability outlooks have seized the market's attention and turned attention to generator and State Government negotiations around retirement dates.

31 min read Sep 19, 2023

Market Report paid

Jul-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

Contrary to 12-months ago, market prices have softened and are failing to live up to the market's previous expectations. Forward power prices have softened although are often able to demand a material premium because of the perceived heightened risk.

31 min read Aug 14, 2023

Market Report paid

Jun-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

The spot prices for the financial year were the highest on record for NSW, VIC, SA and TAS, and the second highest for QLD. The June month set a new record for wind generation, pushing spot prices down and exceeding Brown Coal generation. Read on for further detail.

25 min read Jul 11, 2023

Market Report paid

May-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

May-23 was a story of increases across the energy market. Electricity spot prices were the highest year-to-date for all mainland NEM regions, forward electricity contract prices rallied across the NEM, and ancillary services costs for May were the highest year-to-date.

24 min read Jun 20, 2023

Market Report paid

Apr-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

Despite mild weather, low demand and high solar generation during April, the wholesale electricity spot market continued to deliver strong prices in Qld and NSW, while Vic and SA were around the median of the last seven years, and Tas lower.

21 min read May 16, 2023

Market Report paid

Mar-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

March continued where February left off, with a softening forward electricity prices, gas prices, and LGC prices. But that all turned around in the last week of March with electricity, gas and LGC prices rallying strongly.

25 min read Apr 17, 2023