Dec-22 Energy News Bytes

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.

Tasmania’s average spot price for February was the highest in the NEM, despite exceptionally low demand and accounted for almost half of all FCAS cost for the month. East coast gas spot prices remained high at around $13.50/GJ for the DWGM, and $12.50/GJ in Victoria’s STTM.

February brought no new connections to the NEM. Generator-Weighted Average prices improved for solar and wind across most regions, except QLD. Solar and wind farms continued to face large curtailment. VIC was the dominant energy exporter while TAS was the biggest importer in February.