Australia is feeling the pinch of the global energy crisis with soaring fuel prices sending wholesale electricity prices skyrocketing. We have never seen futures contracts …
May 2022 Electricity Market Review
Spike in wholesale electricity prices expected to lead to significantly costlier Default Market Offers
A massive spike in wholesale electricity prices could result in Australian homes and businesses paying significantly more for energy after the new Default Market Offer …
Three phases to a successful energy transition
Australia has committed to a national net zero target by 2050, but there are still a number of hurdles to reaching that goal and the …
April 2022 Electricity Market Review
Futures prices in the April 2022 energy market have been on a wild ride with record highs and sharp reversals making it hard to keep …
Lock in reasonable energy rates while you can – Victorian electricity prices could be about to skyrocket
Wholesale electricity prices are going through the roof and hitting record highs in New South Wales and Queensland. Prices in Victoria are still relatively stable …
March 2022 Electricity Market Review
What a difference 12 months can make. This time last year the NEM was enjoying the lowest prices on record, thermal generators were threatening to …
February 2022 Electricity Market Review
After writing about the accelerating pace of Australia’s renewable transition for some time now, February’s news still took us by surprise. Just as the futures …
Eraring coal power station to close seven years early in 2025
Origin Energy has announced that the closure of Australia’s largest power station – the 2800 MW Eraring coal power station – will be brought forward …
Summer 2021-2022 Electricity Market Review
Welcome to the first market review of 2022! It has been a subdued summer weather-wise for the eastern states with La Niña dominating temperatures but …
Sun will set on Australia’s last coal power plant in 2043 as AEMO radically changes the country’s outlook on renewable power
The Australian Energy Market Operator has warned that Australia’s last coal power plant will retire five years earlier than expected in 2043, calling for an …
