2020 Annual Market Report

Oct 2025 witnessed significant regional price variations with NSW averaging $77.02/MWh while TAS recorded just $24.55/MWh. High renewable penetration drove substantial negative pricing, particularly in SA. Demand remained robust with annual growth across most states, supported by warmer weather

October 2025 showcased a blend of stability and dynamic shifts. Average spot prices stabilised in NSW and QLD, while SA and VIC rebounded as TAS plunged. Renewables and BESS continue to re-shape the market. Trading was dominated by hot weather preparations for Q4-25 and Q1-26. Enjoy the read.

An extra 2,219MW of capacity connected to the grid in September dominated by batteries. Meanwhile solar farms experienced acute pricing pressure. Combined renewable curtailment escalated to multi-year peaks across most regions. Interconnector flows moderated as warmer weather reduced demand.