Jul-24 Spot Market Report

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1.0 Highlights

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

1.1 Spot Market Insights

Sustained high spot prices around $300/MWh continued during July. These sustained high prices were accompanied by periods of extreme prices in the second half of the month when very cold temperatures coincided with very low wind generation. High prices during July pushed the average year-to-date price for SA and TAS above $100/MWh leaving VIC as the only region below $100/MWh but only by a fraction.