Electricity rates: Futures prices dropped in all states under review from 1 December 2017 to 10 January 2018. The biggest drops were experienced in Queensland and Victoria with 2.5% and 2.3% respectively. New South Wales followed with 2.1% and South Australia with 1.5%. The average drop in futures prices across the board was of 2.1%. Prices are still up by between 35% and 148% when compared to 24 months ago.
All states average
All states average| Futures Price Movement since: | Current Month to Date | Last Month to Date | 3
Months to Date | 6
Months to Date | 12
Months to Date | 24
Months to Date |
| 1 Jan
2018 | 1 Dec
2017 | 1 Nov
2017 | 1 Aug
2017 | 1 Feb
2017 | 1 Feb
2016 | |
| NSW – Average | Down
3.42% | Down 2.06% | Down 2.45% | Up
1.17% | Up
12.21% | Up 85.07% |
| QLD – Average | Down
2.77% | Down 2.46% | Down 4.40% | Down 2.35% | Down 9.98% | Up
28.72% |
| SA – Average | Down
1.11% | Down 1.52% | Down 0.16% | Down 1.86% | Down 1.19% | Up
35.31% |
| VIC – Average | Down
2.16% | Down 2.28% | Down 2.65% | Down 2.54% | Up 26.43% | Up 147.90% |
Source: www.asxenergy.com.au
Note: The above rates are based on the average of Calendar Year 2018, 2019, 2020 baseload futures prices.
New South Wales electricity rates update
| Futures Price Movement since: | Current Month to Date | Last Month to Date | 3
Months to Date | 6
Months to Date | 12 Months to Date | 24 Months to Date |
| 1 Jan
2018 | 1 Dec
2017 | 1 Nov
2017 | 1 Aug
2017 | 1 Feb
2017 | 1 Feb
2016 | |
| NSW – Average | Down
3.42% | Down 2.06% | Down 2.45% | Up
1.17% | Up
12.21% | Up 85.07% |
Wholesale futures prices in New South Wales dropped in December by an average of 2.1%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in New South Wales.
Queensland electricity rates update
| Futures Price Movement since: | Current Month to Date | Last Month to Date | 3
Months to Date | 6
Months to Date | 12 Months to Date | 24 Months to Date |
| 1 Jan
2018 | 1 Dec
2017 | 1 Nov
2017 | 1 Aug
2017 | 1 Feb
2017 | 1 Feb
2016 | |
| QLD – Average | Down
2.77% | Down 2.46% | Down 4.40% | Down 2.35% | Down 9.98% | Up
28.72% |
Wholesale futures prices in Queensland dropped in December by an average of 2.5%. 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
South Australia electricity rates update| Futures Price Movement since: | Current Month to Date | Last Month to Date | 3
Months to Date | 6
Months to Date | 12 Months to Date | 24 Months to Date |
| 1 Jan
2018 | 1 Dec
2017 | 1 Nov
2017 | 1 Aug
2017 | 1 Feb
2017 | 1 Feb
2016 | |
| SA – Average | Down
1.11% | Down 1.52% | Down 0.16% | Down 1.86% | Down 1.19% | Up
35.31% |
Wholesale futures prices in South Australia dropped in December by an average of 1.5%. 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 | Last Month to Date | 3
Months to Date | 6
Months to Date | 12 Months to Date | 24 Months to Date |
| 1 Jan
2018 | 1 Dec 2017 | 1 Nov 2017 | 1 Aug 2017 | 1 Feb 2017 | 1 Feb 2016 | |
| VIC – Average | Down
2.16% | Down 2.28% | Down 2.65% | Down 2.54% | Up
26.43% | Up 147.90% |
Wholesale electricity futures prices in Victoria dropped in December by an average of 2.3%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.
