Since our last wholesale electricity rates update on September 5, prices have gone down in all states under review apart from Queensland.
Victoria experienced the biggest drop at 2.4% while New South Wales and South Australia experienced price drops of 2.1% and 0.6% respectively. Queensland futures increased by 0.5%.
The average drop in futures prices across the board was of 4.9%. Prices are still up by between 33% and 137% when compared to 24 months ago.
All states electricity rates 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 |
| 11-Oct-2017 | 1-Sep-2017 | 1-Aug-2017 | 1-May-2017 | 1-Nov-2016 | 1-Nov-2015 | |
| NSW – Average | Down 2.06% | Up 1.00% | Up 2.52% | Down 11.91% | Up 32.69% | Up 87.85% |
| QLD – Average | Up 0.50% | Up 2.51% | Up 3.22% | Down 14.83% | Up 10.53% | Up 33.01% |
| SA – Average | Down 0.60% | Down 3.24% | Down 3.61% | Down 13.07% | Up 4.75% | Up 35.76% |
| VIC – Average | Down 2.40% | Up 1.11% | Down 1.30% | Down 7.46% | Up 47.07% | Up 136.61% |
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 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 |
| 11-Oct-2017 | 1-Sep-2017 | 1-Aug-2017 | 1-May-2017 | 1-Nov-2016 | 1-Nov-2015 | |
| NSW – Average | Down 2.06% | Up 1.00% | Up 2.52% | Down 11.91% | Up 32.69% | Up 87.85% |
Wholesale futures prices in NSW trended up in September with an average total increase of 3.12%. 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 |
| 11-Oct-2017 | 1-Sep-2017 | 1-Aug-2017 | 1-May-2017 | 1-Nov-2016 | 1-Nov-2015 | |
| QLD – Average | Up 0.50% | Up 2.51% | Up 3.22% | Down 14.83% | Up 10.53% | Up 33.01% |
Wholesale futures prices in Queensland trended up in September with an average total increase of 0.5%. 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
| 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 |
| 11-Oct-2017 | 1-Sep-2017 | 1-Aug-2017 | 1-May-2017 | 1-Nov-2016 | 1-Nov-2015 | |
| SA – Average | Down 0.60% | Down 3.24% | Down 3.61% | Down 13.07% | Up 4.75% | Up 35.76% |
Wholesale futures prices in South Australia trended down in September with an average total drop of 0.6%. 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 |
| 11-Oct-2017 | 1-Sep-2017 | 1-Aug-2017 | 1-May-2017 | 1-Nov-2016 | 1-Nov-2015 | |
| VIC – Average | Down 2.40% | Up 1.11% | Down 1.30% | Down 7.46% | Up 47.07% | Up 136.61% |
Wholesale futures prices in Victoria trended down in September with an average total drop of 2.4%. This is reflected in the rates that are currently being offered by retailers to large market electricity customers in Victoria.
