Mar-22 Energy Market News

This month is dominated by news relating to the fast tracking transition Australia is facing to renewables. Consequently, the dominant sections are Renewables, Hydrogen and Storage.

Significant progress is evident from renewable projects, battery energy storage projects and emerging technologies while hydrogen projects also feature prominently. This month, corporate Power Purchase Agreements hit the headlines, with announcements across the NEM.

The sections of this report are listed on the left of the page to assist with navigation and include:

Renewables
Hydrogen
Storage
Generation
Gas market
Financial
Policy & Regulation
Global
Power Purchase Agreements

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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