Are you looking for an in-depth and insightful Market Report on the Australian National Electricity Market? We compile a monthly report with fancy charts, commentary and sophisticated analysis of the NEM.
The Australian east coast energy market has reached an important juncture as the market grapples with the renewable transition and absorbs the global impact of rising energy prices. Origin Energy's CEO Frank Calibri prediction that, “It's going to get messy”, has arrived.
The month of March has been another significant month as Australia has not been immune from the global upward energy price pressures, by experiencing an unparalleled surge in energy costs for the forthcoming Australian winter, which has flowed through to forward prices for the next few years.
February 2022 delivered much stronger electricity spot price outcomes and despite global pressures, steady gas spot prices. Next winter forward electricity prices surged and longer dated forward prices rallied driven by recent trends, the Russian invasion, and early power station retirements.
February news was dominated by AGL and Origin Energy, although Andrew Forrest continues to push hydrogen opportunities. Power plant closures are brought forward while Brookfield with Cannon-Brookes make a move on AGL.
January 2022 delivered higher electricity and environmental certificate price outcomes in the NEM, while gas remained immune from the upward global LNG price pressure. An usual high level of baseload outages occurred in NSW, and wetter conditions filled the hydro power water storages.
This report is the third and final part of our Annual Report series, and focusses on generation, demand and reserve levels. There are 7 components of the report providing a range of insights and conclusions.
This second part of our Annual Market Report focuses on the Financial aspects of the market by addressing the performance of financial swap and cap derivatives, before assessing environmental certificates. The year of 2021 was a big price mover on all fronts.
The month of October was exceptional in so many facets. Australia's long chequered history in developing a federal energy and emissions plan opened another chapter, in preparation for the COP26 Glasgow summit.
After a tumultuous May-July period for the Australian Electricity and Gas Markets, August was a COVID free walk in the park on a sunny day. In fact, August had many sunny days making for milder weather and softer demand for most regions.