The rollercoaster continued during September with skyrocketing gas prices, a rally in LGC prices, and record levels of negative price periods sending wholesale electricity spot prices plummeting.
Sep-21 Energy Market Report
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Oct-24 Generation Report
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.
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Market Report
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Oct-24 Spot Market Report
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.
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Market Report
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Sep-24 Generation Report
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.
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