Market Report - EnergyByte (Page 3)

Jan-24 Generation Report

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

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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

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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

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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

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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

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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

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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

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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

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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

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Oct-23 Financial Market Report

Jay Ros, Eric Chan, Carl Daley

Electricity spot prices continued to fall well short of market expectations in October, driving down the Q4-23 forward price. The sentiment of the market outlook is mixed with some Regions strengthening and others softening.

5 min read Nov 21, 2023

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Oct-23 Spot Market Report

Jay Ros, Eric Chan, Carl Daley

Could this be the calm before the storm? Low demand and high renewable generation crushed electricity spot prices during October, but how long can it last? El Niño continues to threaten a hot and dry summer with AEMO's Summer Outlook painting the picture of a market on a knife's edge.

15 min read Nov 17, 2023

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Sep-23 Spot Market Report

Jay Ros, Carl Daley, Eric Chan

Our Monthly Report continues with Spot Market prices where a mild September and high VRE generation brought softening electricity prices, while gas spot prices have fallen to pre-2022 price levels due to soft demand, high production and storage levels, price caps and softer international prices.

17 min read Oct 19, 2023