Eric Chan

This second part of our Annual Market Report focuses on the Financial aspects of the market by addressing the performance of financial swap and cap derivatives, before assessing environmental certificates. The year of 2021 was a big price mover on all fronts.

Our Annual Market Report has been divided into 3 parts, and this is the first part focusing on Spot Prices. Trends and insights have been drawn, displayed using engaging interactive charts.

The 2021 rollercoaster continues. Following the rally of prices over many months, October prices stabilised, but now November has continued the upward trend.

The month of October was exceptional in so many facets. Australia's long chequered history in developing a federal energy and emissions plan opened another chapter, in preparation for the COP26 Glasgow summit.

The rollercoaster continued during September with skyrocketing gas prices, a rally in LGC prices, and record levels of negative price periods sending wholesale electricity spot prices plummeting.

After a tumultuous May-July period for the Australian Electricity and Gas Markets, August was a COVID free walk in the park on a sunny day. In fact, August had many sunny days making for milder weather and softer demand for most regions.

The largest electricity Price Shock has occurred to the market in Queensland and NSW, while carbon prices continue to surge in all related certificates and there have been no stopping gas prices.

Overview The run of spot electricity prices since mid-May has been the largest shock to the industry in QLD and…

Overview The month of May has been an exceptional outcome with spot prices rallying strongly following on from the recovering…