Jan-22 Energy Market News

In July, capacity increased by 215MW, Generator Weighted Average prices declined along with Time Weighted Averages, VRE curtailment rates increased, and batteries provided crucial grid stability. VIC remained the dominant energy exporter while Snowy storages are the lowest in 5-years.

The Q3-25 quarter spot prices have struggled to meet forward price expectations leading to a softening of the current quarter forward price and all future periods. However, the quarter is not yet finished, and there is time for a recovery.

June 2025 caused a strong finish to the financial year with extreme volatility across the NEM, although QLD’s impact was tempered by interconnector constraints. Power plant outages were a big driver on spot price outcomes. Gas prices were also elevated during critical days.