November was another busy month in the energy markets. Energy news and announcements were very prevalent in the media, many of which were covered in our busy November edition of Energy Market Bytes with some of the highlights included in the Market Report below.
Nov-22 Energy Market Report

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Market Report
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July 2025 Spot Market Report
July 2025 spot market conditions reflected strong pricing in SA and TAS, and more moderate pricing in the other Regions. SA also dominated FCAS costs for the month which were the highest SA FCAS costs since Nov-22, and the second highest in SA’s history. Gas markets operated within normal ranges.
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Market Report
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Jul-25 Generation Report
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.
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Market Report
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July-25 Financial Market Report
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.
7 min read