Market Report

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.

The prospect of price caps is dominating the industry discussion, but meanwhile there was plenty of other activity across the market.

Structural market changes were announced by Federal and State Governments. More prominent Government ownership and the acceleration of expanded transmission all featured. Forward market prices were extremely volatile during the month but appear to have peaked.

Monthly news for October covers a wide range of issues including possible price caps, Government initiatives in transmission and power station ownership.

Following an unprecedented second quarter in the energy market, the third quarter settles down, but finished as the second-highest price period in the market's history. Forward market prices continue to rise.

After a tumultuous winter for the Australian energy markets, the electricity and gas spot markets simmered down during August.

Once upon a time Australia was an energy island, this is no longer the case.

As July drew to a close, rays of light penetrated from the 2022 Energy Crisis. Market conditions are easing, but it may be a temporary phase emerging from the winter.

This month's energy market news covered a wide range of issues dealing with the energy crisis, and the many transition projects and policies underway.

The month of June set new records on all fronts, leading the east coast of Australia energy market into a new paradigm.

The month of June has been extraordinary, with administered prices invoked across the NEM, market suspension and financial pain being felt by consumers and some industry participants.

The energy market in the NEM has now progressed from extraordinary to crisis, thereby becoming a topic of discussion at Sunday BBQ’s and Board Rooms across Australia.