Record-breaking weather drove demand in the spot market in May, while a delay in the return of additional generation to the market is impacting the forward curve.
Prices finished higher across the spot, contract and environmental markets in March, as high temperatures, merger and acquisition activity and Federal Government policy all made an impact.
Plenty of available generation and cooler-than-expected weather drove prices down in the spot market in November, while the volatility in the contract market continued.
Strong solar generation kept downward pressure on prices in the spot market this month, while global commodity prices continue to keep contract prices high. Here’s your September energy market wrap.
It was another eventful month in the energy market, with elevated coal and gas prices and concerns about gas availability over the next 12 months continuing to drive high prices.
It was an unprecedented month in the energy market, as the Australian Energy Market Operator made the decision to suspend the spot market in all regions of the NEM for the first time.
Outages, soaring international fuel prices and a couple of surprising announcements closer to home led to another interesting month for the energy market.
Rising temperatures, higher international fuel prices and outages across several units all contributed to an eventful start to the new year for the energy market.