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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Apr-24 Financial Market Report
Based on our probabilistic spot forecast for Q2-24, we recognised that the forward market was likely to be under-valued. As events have played-out, this proved to be true and the market rallied, not only for Q2-24, but through the whole forward curve.
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Mar-24 Generation Report
Q1-24 marked the first time in six years that the NEM had no new generation connections. March also saw lower generation and GWA prices for wind and solar farms across most NEM regions, except for SA. Curtailment of VRE was in seasonal decline but remained high for March in SA and VIC.
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Mar-24 Financial Market Report
The electricity forward market rallied in the southern states as news of potential gas shortages for Victoria circled in the media. Q1-25 traded most heavily during the quarter, especially for QLD which remains stubbornly high despite the return of Callide C3 and the expected return of C4 this July.
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