Welcome to our June bumper report picking-up our usual reporting activities as well as coverage of the FY-19/20 results. Given the expanded issue we have inserted a table of contents to help navigate through the report. The sections are:
- Special features
- At a Glance
- At a Glance
- Power Spot Prices
- Electricity Demand
- Wholesale Forward Prices
- Power Generation
- Water Storages
- Natural Gas
- Environmental Certificates
- Outlook
- Photography Special (from our team members)
This month’s special features include:
- Customer churn update
- Retailer Suspension
- COVID-19 Demand Impact
Market Highlights
The At a Glance section covers the key highlights for each State which this month are:
QLD
- Lowest June power and gas spot prices for years
- Forward prices falls below $40/MWh
- Class Action announced
- Solar farms premium the 3rd lowest on record
NSW
- Soft power prices continue
- NSW delivers expected price outlook
- Infigen sale
- NSW solar farms deliver highest capacity factor
- Coal loses market share
VIC
- Soft power spot prices
- Brown coal market share decreased
- COVID-19 delaying morning peak
- VIC wind farm has highest capacity factor
- Summer 2021 risk emerging
SA
- Softest June power and gas spot prices for years
- Solar displaces gas powered generation
- Winter volatility threatens
- Traders Error highest in SA
TAS
- Soft spot prices in June
- Generation continues to exceed last year
- High exports to mainland continues
- Windfall LGCs
Market News
News items for this month relate to:
- Gas developments (VIC gas delay, Australian LNG export defy global glut, NSW and VIC supply shortage, WA pipeline, Narrabri objections, QCLNG)
- Hydrogen (Fast tracking, Geelong energy hub, IEA pathway, Gladstone)
- Electricity (Portland smelter closure, University goes 100% renewable, AEMC, approves demand response mechanism, Marinus Link fast tracked, regulated TAS price cut approved, SA hybrid project, Tesla battery expansion)
