Apr-25 Spot Market Report

Mild April weather led to subdued demand and average spot price outcomes across the NEM, except for short evening peak volatility for QLD and NSW early in the month. In the news, success for Labor Party confirms the ongoing transition to renewables and a strong stance on emission reduction targets.

1.0 Highlights

This section summarises the key spot market outcomes for the month.

1.1 Spot Market Insights

In April 2025, spot prices show notable patterns compared to Cal-24 and YTD figures across Australian states:

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Mar-25 Financial Market Report

Carl Daley, Eric Chan

The Q1-25 quarter spot prices finished in the bottom quartile of our spot forecast, creating a significant seller’s margin profit for the quarter. Forward market prices generally rallied during the month, reversing the February downward trend.

7 min read Apr 23, 2025

Market Report paid

Mar-25 Generation Report

Heather Wang, Carl Daley, Eric Chan

In March, 1,147MW of new capacity was connected. QLD was the only region to enjoy an increase in Generator Weighted Average prices, while wind weighted prices fell for all regions. SA solar and wind suffered the most curtailment. VIC was the dominant energy exporter and NSW the largest importer.

13 min read Apr 8, 2025

Market Report paid

Mar-25 Spot Market Report

Jay Ros, Eric Chan, Carl Daley

The Q1-25 quarter electricity spot prices finished at an unremarkable level, except for Tasmania. Variable Renewable Energy performed strongly, and gas generation was low. Meanwhile, gas spot prices also remained calm, while storage levels were filled, with a falling forward market.

13 min read Apr 4, 2025