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.
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 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.