EnergyByte (Page 3)

Feb-24 Spot Market Report

Jay Ros, Heather Wang, Eric Chan, Carl Daley

Summer finally arrived for the southern NEM states, forcing Victorian transmission lines to topple on 13 Feb and when combined with the extreme heat, resulted in significant price volatility. The FCAS market in SA also experienced volatility on 13 Feb, racking up more than $6m in costs.

16 min read Mar 15, 2024

Market Report paid

Feb-24 Financial Market Report

Jay Ros, Heather Wang, Eric Chan, Carl Daley

Forward prices rallied in QLD and NSW during February as a result of strong demand and high spot prices. VIC prices were affected by the massive power outage on 13 Feb with the Q1-24 price jumping $20/MWh. In contrast, SA forward prices continued to free fall with all tenors approaching $80/MWh.

7 min read Mar 6, 2024

Market Report paid

Jan-24 Generation Report

Jay Ros, Carl Daley, Eric Chan

For the first time in years, VIC wind farms generated at a premium to the spot price while SA wind farms were very close to generating at a premium due to very low spot prices. The news of the early closure of Snuggery and Port Lincoln Power Stations was also a notable development in January.

10 min read Feb 26, 2024

Market Report paid

Jan-24 Spot Market Report

Jay Ros, Carl Daley, Eric Chan

Hot and muggy weather in the north and mild weather in the south made for two very different stories in the electricity spot market during January. In the north, QLD recorded its second highest January average spot price while down south, Victoria had record low levels around $22/MWh.

11 min read Feb 14, 2024

Market Report paid

Jan-24 Financial Market Report

Jay Ros, Eric Chan, Carl Daley

Record demand and extreme prices in January drove up the QLD forward market and to a lesser degree NSW, while down south in VIC and SA, a weak summer has driven forward prices towards the floor. The market has since decided these high prices cannot be sustained and forward prices have nosedived.

5 min read Feb 8, 2024

Events public

January 2024 sets records

Carl Daley

The summer of 2024 has begun, and the month of January has set records at two ends of the spectrum.

3 min read Feb 1, 2024

Market Report paid

Annual Market Report Part 3 - Generation and Demand

Jay Ros, Eric Chan, Carl Daley

This report is the third and final part of our Annual Report series covering generation, emissions, demand, weather, and reserve levels. There are 7 components of the report providing a range of insights and conclusions.

15 min read Jan 25, 2024

Market Report paid

Annual Market Report Part 2 - Financial

Jay Ros, Eric Chan, Carl Daley

This second part of our Annual Market Report focuses on the Financial aspects of the market by addressing the performance of financial derivatives, followed by an analysis of environmental certificate prices.

14 min read Jan 15, 2024

Market Report paid

Annual Market Report Part 1 - Spot Prices

Jay Ros, Eric Chan, Carl Daley

The Australian energy market continued to recover during 2023 from the extraordinary global energy crisis it faced in 2022. Electricity and gas spot prices softened but remained high compared to pre-2022 levels.

12 min read Jan 10, 2024

Market Report paid

Nov-23 Generation Report

Jay Ros, Eric Chan, Carl Daley

448MW of new generation capacity in November pushed the total for 2023 higher than recent years, in a record year for battery storage totalling 847MW. The weighted premium for solar generation improved as daytime prices climbed. This month we also take a look at battery performance across the NEM.

8 min read Dec 14, 2023

Market Report paid

Nov-23 Spot Market Report

Jay Ros, Eric Chan, Carl Daley

Electricity spot prices rose in November, as lower levels of VRE generation was replaced by gas-powered generation, although the increase in GPG did not prevent gas spot prices from softening from around $12/GJ to $9/GJ. Highlights from energy market news feature significant updates for the market.

11 min read Dec 11, 2023

Market Report paid

Nov-23 Financial Market Report

Jay Ros, Eric Chan, Carl Daley

November 2023 was the second most heavily traded month in history as the market softened throughout the month. Spot prices for Q4-23 continue to fail to deliver to previous market expectations.

4 min read Dec 5, 2023