Sep-24 Spot Market Report

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1.0 Highlights

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

1.1 Spot Market Insights

Average wholesale electricity spot price softened across the NEM in September with all regions recording the lowest monthly average price for Q3-24. Record levels of Variable Renewable Energy generation contributed to record high levels of negative spot prices in September. In contrast to recent months, more than 70 percent of spot price outcomes in the NEM were below $300/MWh.