electricity prices

  • Commercial and market outlook

    EV uptake set to transform the grid in the Australia – but how much?

    Electric vehicles (EVs) are slowly becoming more popular in Australia, with new car sales increased during the last two years. Although Australia is behind in EV deployment compared to other countries, Federal and state governments have taken serious steps to accelerate EV uptake. Therefore, EVs could play a significant role...

  • Commercial and market outlook

    Moving with the times: How trading strategies in the NEM changed in a year

    Inherent in an electricity market like the NEM is its ever-changing landscape. Contributors to these changes may be government-driven policies, evolving market dynamics caused by external factors like a global pandemic, a worldwide rise in fuel prices, and even changes in the market structure itself. As cliché as it may...

  • Commercial and market outlook

    Do batteries add viability to electrolysers within the current market?

    Last month, the Australian Competition and Consumer Commission (ACCC) announced that there will be a gas shortfall in the east coast market in 2023, not a surprise considering the international gas crisis and high gas prices in Australia. Such events have increased attention towards expanding gas supply or reducing the...

  • Commercial and market outlook

    State election day chills; SA hit $9,934/MWh on Saturday evening 19 March

    SA’s reliance on wind is getting to a point where there is not much to do except importing from VIC and generating with expensive fuel, such as diesel, when wind speed is not at its best shape. In this Chart of the week, we take a closer look at South...

  • Home supply and services

    No easy fix: tariff prices remain high

    In response to the unprecedented increases in global gas prices, Ofgem announced last week time limited measures “to help stabilise” the supply market. This includes a requirement for all domestic suppliers to offer existing customers the same tariffs available to new customers from 14 April, echoing changes made by the...

  • Home supply and services

    The default tariff cap: More questions than answers?

    Throughout the recent period of wholesale and supply market volatility, the government and Ofgem have remained committed to the default tariff cap and continued to highlight its benefits to customers in protecting them from rising energy prices this winter. However, Cornwall Insight’s forecast of the default tariff cap for Summer...

  • Low carbon generation

    Australian Chart of the week | Things are not what they seem: capturing intraday price volatility

    The Australian Energy Market Operator’s (AEMO’s) recently released Quarterly Energy Dynamics (QED) report for Q1 2020 stated that average spot electricity prices in the National Electricity Market (NEM) fell to their lowest levels in 4 years ($66/MWh) last quarter. Victoria, in particular, witnessed a significant drop – 48% – from...

  • Energy storage and flexibility

    Australian Chart of the week | Prices in the NEM: Is variability the new black?

    The price escalation in the NEM in recent years has been well documented. Closure of ‘low-cost’ coal generation (particularly Hazelwood) has seen average prices in the NEM increase significantly. This is a result of the overall supply/ demand balance tightening. Some of this tightness has been alleviated by the significant...