Since our last wholesale electricity rates update on July 5, prices have gone up in New South Wales and Victoria by 4.3% and 2.5% respectively. Prices have dropped slightly in Queensland by 0.16% and by 2.7% in South Australia. The average increase in futures prices across the board was just short of 1%. Prices are still up by between 98 and 197% when compared to 24 months ago.
All states average
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Jul-2017 | 1-Jun-2017 | 1-May-2017 | 1-Feb-2017 | 1-Aug-2016 | 1-Aug-2015 | |
| NSW – Average | Up 4.33% | Down 7.79% | Down 13.87% | Up 10.97% | Up 48.79% | Up 97.87% |
| QLD – Average | Down 0.16% | Down 13.33% | Down 16.74% | Down 7.73% | Up 16.03% | Up 44.00% |
| SA – Average | Down 2.71% | Down 11.65% | Down 11.09% | Up 0.67% | Up 12.05% | Up 98.06% |
| VIC – Average | Up 2.53% | Down 3.92% | Down 7.24% | Up 29.95% | Up 90.37% | Up 197.35% |
Source: www.asxenergy.com.au
Note: The above rates are based on the average of Calendar Year 2018, 2019, 2020 base load futures prices.
NSW electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Jul-2017 | 1-Jun-2017 | 1-May-2017 | 1-Feb-2017 | 1-Aug-2016 | 1-Aug-2015 | |
| NSW – Average | Up 4.33% | Down 7.79% | Down 13.87% | Up 10.97% | Up 48.79% | Up 97.87% |
Wholesale futures prices in NSW trended up in July with an average total increase of 4.3%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in NSW.
Queensland electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Jul-2017 | 1-Jun-2017 | 1-May-2017 | 1-Feb-2017 | 1-Aug-2016 | 1-Aug-2015 | |
| QLD – Average | Down 0.16% | Down 13.33% | Down 16.74% | Down 7.73% | Up 16.03% | Up 44.00% |
Wholesale futures prices in Queensland dropped very slightly in July with an average total drop of 0.16%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Queensland.
South Australia electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Jul-2017 | 1-Jun-2017 | 1-May-2017 | 1-Feb-2017 | 1-Aug-2016 | 1-Aug-2015 | |
| SA – Average | Down 2.71% | Down 11.65% | Down 11.09% | Up 0.67% | Up 12.05% | Up 98.06% |
Wholesale futures prices in South Australia dropped in July with an average total decrease of 2.71%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in South Australia.
Victoria electricity rates update
| Futures Price Movement since: | Current Month to Date | 2 Months to Date | 3 Months to Date | 6 Months to Date | 12 Months to Date | 24 Months to Date |
| 1-Jul-2017 | 1-Jun-2017 | 1-May-2017 | 1-Feb-2017 | 1-Aug-2016 | 1-Aug-2015 | |
| VIC – Average | Up 2.53% | Down 3.92% | Down 7.24% | Up 29.95% | Up 90.37% | Up 197.35% |
Wholesale futures prices in Victoria trended up in July with an average total increase of 2.53%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.
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