Market Report

The month of March has been another significant month as Australia has not been immune from the global upward energy price pressures, by experiencing an unparalleled surge in energy costs for the forthcoming Australian winter, which has flowed through to forward prices for the next few years.

This month is dominated by news relating to the fast tracking transition Australia is facing to renewables. Consequently, the dominant sections are Renewables, Hydrogen and Storage.

February 2022 delivered much stronger electricity spot price outcomes and despite global pressures, steady gas spot prices. Next winter forward electricity prices surged and longer dated forward prices rallied driven by recent trends, the Russian invasion, and early power station retirements.

February news was dominated by AGL and Origin Energy, although Andrew Forrest continues to push hydrogen opportunities. Power plant closures are brought forward while Brookfield with Cannon-Brookes make a move on AGL.

January 2022 delivered higher electricity and environmental certificate price outcomes in the NEM, while gas remained immune from the upward global LNG price pressure. An usual high level of baseload outages occurred in NSW, and wetter conditions filled the hydro power water storages.

Market news for January was a quieter than usual due to the holiday period. Our summary of the key articles is listed below:

This report is the third and final part of our Annual Report series, and focusses on generation, demand and reserve levels. There are 7 components of the report providing a range of insights and conclusions.

This second part of our Annual Market Report focuses on the Financial aspects of the market by addressing the performance of financial swap and cap derivatives, before assessing environmental certificates. The year of 2021 was a big price mover on all fronts.

Our Annual Market Report has been divided into 3 parts, and this is the first part focusing on Spot Prices. Trends and insights have been drawn, displayed using engaging interactive charts.

To finish off our news summary for 2021, our December report shows the enormous amount of activity that is occurring in the industry, both locally and internationally.

The 2021 rollercoaster continues. Following the rally of prices over many months, October prices stabilised, but now November has continued the upward trend.

Following on from the COP26, Climate news continues to be prominent, followed by Renewables, Finance, Policy and Regulations and several PPAs.