Mar-24 Spot Market Report

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.

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 using the interactive charts.

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

Oct-24 Generation Report

Heather Wang, Eric Chan, Carl Daley

The NEM expanded its capacity by 167MW in October. While demand remained at historical lows, Generator-weighted Average prices strengthened across most regions. VIC continued to experience persistent negative prices, causing energy flows to shift towards regions with more favourable pricing.

12 min read Nov 13, 2024

Market Report paid

Oct-24 Spot Market Report

Jay Ros, Eric Chan, Carl Daley

Mild sunny weather led to record low minimum demand for the NEM as well as record lows in VIC and SA. Meanwhile QLD and NSW continued to separate from the rest of the NEM with significantly stronger power spot prices. Gas spot prices continued to rise with average prices around $13/GJ in October.

13 min read Nov 13, 2024

Market Report paid

Sep-24 Generation Report

Heather Wang, Eric Chan, Carl Daley

NEM capacity grew by 340MW in September. Strong winds and mild weather led to lower demand and extensive curtailment, depressing Generator-Weighted Average prices. Many farms increased reliance on Large-scale Generation Certificates for revenue. TAS transitioned from importer to net exporter to VIC.

12 min read Oct 16, 2024