This is the first part of our Annual Market Report and focuses on spot prices where not surprisingly, 2022 set records across all regions of the NEM.
Our Annual Market Report has been divided into 3 parts. This part focusses on Spot Prices where trends and insights have been drawn and displayed using engaging interactive charts. The other parts will be Financial Markets (power and environmental certificates) and finally Generation & Demand which will be released shortly.
As can be seen by the Table of Contents, we begin recapping the history of prices to set the scene, before undertaking further analysis of looking at Risk-of-Change, Price Distributions, Pricing Bands, Negative Prices and Intraday Price profiles. This analysis is followed by highlighting the key factors setting prices, the reliability of daily pre-dispatch forecast prices and then a recap of the ancillary market costs.