Market Report - EnergyByte (Page 4)

Sep-23 Financial Market Report

Continuing low spot prices impacted forward expectations despite the warnings of bushfires, a hot summer and possible shortages. Last October the forward market peaked, but this October is set for a downhill run as Spring conditions of plenty of wind and increasing sunshine prevail.

6 min read Oct 12, 2023

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Aug-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

The electricity market bucked the trend in August with stronger spot prices and bullish activity in the electricity forward market. Revised ESOO reliability outlooks have seized the market's attention and turned attention to generator and State Government negotiations around retirement dates.

31 min read Sep 19, 2023

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Jul-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

Contrary to 12-months ago, market prices have softened and are failing to live up to the market's previous expectations. Forward power prices have softened although are often able to demand a material premium because of the perceived heightened risk.

31 min read Aug 14, 2023

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Jun-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

The spot prices for the financial year were the highest on record for NSW, VIC, SA and TAS, and the second highest for QLD. The June month set a new record for wind generation, pushing spot prices down and exceeding Brown Coal generation. Read on for further detail.

25 min read Jul 11, 2023

Market Report paid

Jun-23 Energy News Bytes

EnergyByte

The first News Byte for the month is a positive outlook from AEMO's 2023 Winter Readiness Report forecasting a less severe winter with lower risks compared to 2022. Developments in the renewables and storage space also features significantly in this month's news.

7 min read Jul 3, 2023

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May-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

May-23 was a story of increases across the energy market. Electricity spot prices were the highest year-to-date for all mainland NEM regions, forward electricity contract prices rallied across the NEM, and ancillary services costs for May were the highest year-to-date.

24 min read Jun 20, 2023

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May-23 Energy News Bytes

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.

7 min read Jun 13, 2023

Market Report paid

Apr-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

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.

21 min read May 16, 2023

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Apr-23 Energy News Bytes

EnergyByte

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.

6 min read May 8, 2023

Market Report paid

Mar-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

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.

25 min read Apr 17, 2023

Market Report paid

Mar-23 Energy News Bytes

EnergyByte

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.

7 min read Apr 3, 2023

Market Report paid

Feb-23 Energy Market Report

Jay Ros, Carl Daley, Eric Chan

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.

22 min read Mar 30, 2023