marketreport

Record Low Forward Prices

NSW customers can now lock in power and LGC costs below any 2026 price level at record lows for 2027 and 2028. Forward prices in NSW and QLD have materially softened, while LGC prices have collapsed. Together, businesses have an unprecedented chance to secure energy costs at record-low levels.

4 min read Feb 17, 2026

Market Report paid

Week Ending Sunday 15 February

Carl Daley

Spot prices softened across mainland NEM in the week ending Sunday 15 Feb 2026. Forward markets cooled and Q1-26 traded up mid-week only to soften by the end of the week. Across ASX Energy periods, NSW volumes shrank while QLD surged.

5 min read Feb 16, 2026

Market Report paid

NSW and QLD Price Spikes Fade

Carl Daley

The predicted extreme spot prices in NSW and QLD did not eventuate yesterday and therefore did not correct the negative sentiment evident in the market. We all wait for the next chapter to evolve.

3 min read Feb 12, 2026

Market Report paid

Big Sentiment Day for NSW

Carl Daley

After every NSW quarter last year settled below its 2024 counterpart and January 2026 spot delivered the weakest in five years, the market mood has turned bearish. Put-option volume has more than doubled year on year. Will today’s predicted extreme spot price break that pessimism?

6 min read Feb 11, 2026

Market Report paid

Summer Price and Demand

Carl Daley

Across the recent summer window since 1 December, the four mainland regions of the NEM have taken sharply different paths. Demand reached, and in places eclipsed, long-run highs, yet price responses were anything but uniform.

5 min read Feb 10, 2026

Market Wrap public

November Finale - Danger Week

Carl Daley

The market is entering the most risky Spring stretch this year, potentially repeating history for the last week of November flexing its muscle. Hot weather in NSW and QLD combined with significant baseload outages are the ingredients in the volatility recipe.

4 min read Nov 24, 2025

Market Wrap public

Spring Season Reflections

Carl Daley

September saw record negative spot prices in QLD and NSW, yet overnight prices maintained the value. The Q3-25 Seller's Profit set new records in most States, highlighting significant trading arbitrage between the forward market and spot prices, showcasing the chance to optimise trading activity.

2 min read Oct 2, 2025