Jan-24 Spot Market Report

Hot and muggy weather in the north and mild weather in the south made for two very different stories in the electricity spot market during January. In the north, QLD recorded its second highest January average spot price while down south, Victoria had record low levels around $22/MWh.

This part of our Monthly Report concentrates on spot prices in the wholesale electricity and gas markets. The Highlights section of the report draws out the key movements and events, while the second half of the report presents the charts and tables so you can delve into the data and have a play.

1.0 Highlights

This section summarises the key spot market outcomes for the month.

This post is for paid members only

This post is for members only

Already have an account? Sign in

Mar-24 Generation Report

Heather Wang, Jay Ros, Eric Chan

Q1-24 marked the first time in six years that the NEM had no new generation connections. March also saw lower generation and GWA prices for wind and solar farms across most NEM regions, except for SA. Curtailment of VRE was in seasonal decline but remained high for March in SA and VIC.

11 min read Apr 16, 2024

Market Report paid

Mar-24 Financial Market Report

Jay Ros, Carl Daley, Eric Chan

The electricity forward market rallied in the southern states as news of potential gas shortages for Victoria circled in the media. Q1-25 traded most heavily during the quarter, especially for QLD which remains stubbornly high despite the return of Callide C3 and the expected return of C4 this July.

6 min read Apr 10, 2024

Market Report paid

Mar-24 Spot Market Report

Jay Ros, Carl Daley, Eric Chan

March was the least eventful month for Q1-24, with lower spot prices for most of the month apart from a Labor Day long weekend heatwave for VIC and SA, and some oppressive humidity hitting QLD later in the month. Both occasions coincided with low levels of VRE resulting in high price volatility.

15 min read Apr 9, 2024