Dec-22 Energy News Bytes

The Q1-25 quarter spot prices finished in the bottom quartile of our spot forecast, creating a significant seller’s margin profit for the quarter. Forward market prices generally rallied during the month, reversing the February downward trend.

In March, 1,147MW of new capacity was connected. QLD was the only region to enjoy an increase in Generator Weighted Average prices, while wind weighted prices fell for all regions. SA solar and wind suffered the most curtailment. VIC was the dominant energy exporter and NSW the largest importer.

The Q1-25 quarter electricity spot prices finished at an unremarkable level, except for Tasmania. Variable Renewable Energy performed strongly, and gas generation was low. Meanwhile, gas spot prices also remained calm, while storage levels were filled, with a falling forward market.