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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July 2026 was a quiet month. Spot prices across the NEM were their softest for several years, the wide VIC–TAS price gap narrowed sharply, wind and solar bundled prices kept falling, and the Q3-26 forward curve gave up ground through the month in a market still firmly biased toward sellers.
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June-26 Generation
EnergyByte's June-26 & FY 25/26 generation review: BESS displace fossil fuel during crucial evening peak, renewables continue to outgrow BESS daytime charging load therefore soft daytime price persist. Solar and wind bundled prices fell 45% and 42% year-on-year.
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2026 Financial Market Reflections
The results of January to April are showing the market is facing structural changes that are forcing a downward price correction. Renewable growth is displacing coal, gas and mainland hydro, while BESS are suppressing evening peak prices.
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