EnergyByte

Energy market news for May features a variety of important developments and announcements across the energy market. Most noteworthy were the AER's final determination for the 2023-24 Default Market Offer, and a number of significant developments in the renewables sector.

Despite mild weather, low demand and high solar generation during April, the wholesale electricity spot market continued to deliver strong prices in Qld and NSW, while Vic and SA were around the median of the last seven years, and Tas lower.

Monthly energy market news for April covers a wide range of topics including LNG exports, the closure of Liddell Power Station, utility battery storage developments, and other news in the renewables space including significant updates on the growing wave of offshore wind projects.

March continued where February left off, with a softening forward electricity prices, gas prices, and LGC prices. But that all turned around in the last week of March with electricity, gas and LGC prices rallying strongly.

Energy market news over the past month featured a number of important updates in the wholesale gas market with implications for the National Electricity Market in the short and medium term.

February was a relatively quiet and uneventful month in the energy market despite prices being tested by seasonably high demand in Vic and SA. Wholesale electricity and gas spot prices remained subdued, while the electricity forward market and the LGC market continued to soften.

2023 is well underway and the 2022 Energy Crisis now seems to be a thing of the past. Electricity spot prices, forward prices, gas prices, and LGCs all continue to soften as the year gets off to a promising start.

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.

This is the first part of our Annual Market Report and focuses on spot prices where not surprisingly, 2022 set records across all regions of the NEM.

Happy New Year to everyone as we recap on the major news items from December.

November was another busy month in the energy markets. Energy news and announcements were very prevalent in the media, many of which were covered in our busy November edition of Energy Market Bytes with some of the highlights included in the Market Report below.