Since our last wholesale rate update on March 28, electricity rates in NSW dropped slightly while QLD registered no change. Rates in South Australia and Victoria rose slightly. The drops could be attributed to a raft of energy production projects announced by the Federal Government, coupled with an announcement by the Prime Minister relating to gas export restrictions.
The current rates come against a backdrop of more uncertainty in Victoria due to the potential closure of the Loy Yang A power station which is at the centre of a trade dispute.
| AverageFutures Price Movement | 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-May-2017 | 1-Apr-2017 | 1-Mar-2017 | 1-Dec-2016 | 1-Jun-2016 | 1-Jun-2015 | |
| NSW – Average | Down 1.48% | Up 8.73% | Up 28.50% | Up 50.81% | Up 99% | Up 138.84% |
| QLD – Average | No Change 0% | Up 2.89% | Up 11.77% | Up 29.77% | Up 50.8% | Up 77.76% |
| SA – Average | Up 8.53% | Up 10.97% | Up 12.50% | Up 20.28% | Up 52.44% | Up 150.01% |
| VIC – Average | Up 3.99% | Up 18.37% | Up 36.91% | Up 59.36% | Up 138.17% | Up 214.36% |
Source: www.asxenergy.com.au
Note: The above rates are based on the average of Calendar Year 2018, 2019, 2020 base load futures prices.
New South Wales (slight drop)
| Average Futures Price Movement | 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-May-2017 | 1-Apr-2017 | 1-Mar-2017 | 1-Dec-2016 | 1-Jun-2016 | 1-Jun-2015 | |
| NSW average | Down 1.48% | Up 8.73% | Up 28.50% | Up 50.81% | Up 99% | Up 138.84% |
Wholesale futures prices in NSW trended down slightly in April with an average total drop of 1.48%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in NSW.
Queensland (stable – no change)
| Average Futures Price Movement | 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-May-2017 | 1-Apr-2017 | 1-Mar-2017 | 1-Dec-2016 | 1-Jun-2016 | 1-Jun-2015 | |
| QLD – Average | No Change 0% | Up 2.89% | Up 11.77% | Up 29.77% | Up 50.8% | Up 77.76% |
Wholesale futures prices in QLD remained stable in April and no change was registered. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in QLD.
South Australia (increase)
| Average Futures Price Movement | 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-May-2017 | 1-Apr-2017 | 1-Mar-2017 | 1-Dec-2016 | 1-Jun-2016 | 1-Jun-2015 | |
| SA – Average | Up 8.53% | Up 10.97% | Up 12.50% | Up 20.28% | Up 52.44% | Up 150.01% |
Wholesale futures prices in South Australia trended upwards when compared with the previous month. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in SA.
Victoria (increase)
| Average Futures Price Movement | 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-May-2017 | 1-Apr-2017 | 1-Mar-2017 | 1-Dec-2016 | 1-Jun-2016 | 1-Jun-2015 | |
| VIC – Average | Up 3.99% | Up 18.37% | Up 36.91% | Up 59.36% | Up 138.17% | Up 214.36% |
Wholesale futures prices in VIC also trended up in April with an average total of 3.99%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in VIC.
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