Mar-25 Spot Market Report

The Q1-25 quarter electricity spot prices finished at an unremarkable level, except for Tasmania. Variable Renewable Energy performed strongly, and gas generation was low. Meanwhile, gas spot prices also remained calm, while storage levels were filled, with a falling forward market.

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1.0 Highlights

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

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Feb-25 Spot Market Report

Jay Ros, Eric Chan, Carl Daley

Tasmania’s average spot price for February was the highest in the NEM, despite exceptionally low demand and accounted for almost half of all FCAS cost for the month. East coast gas spot prices remained high at around $13.50/GJ for the DWGM, and $12.50/GJ in Victoria’s STTM.

13 min read Mar 12, 2025

Market Report paid

Feb-25 Generation Report

Heather Wang, Eric Chan, Carl Daley

February brought no new connections to the NEM. Generator-Weighted Average prices improved for solar and wind across most regions, except QLD. Solar and wind farms continued to face large curtailment. VIC was the dominant energy exporter while TAS was the biggest importer in February.

12 min read Mar 12, 2025

Market Report paid

Feb-25 Financial Market Report

Carl Daley

The Q1-25 spot price continues to struggle to meet pre-summer expectations and the forward market has now resigned to this lower level. The lower Q1 prices have led to the FY-25/26 forward prices also softening in the northern States.

6 min read Mar 3, 2025