Electricity Market Prices – Week ending 1 June 2018

Key electricity market observations for the week ending 1 June 2018:

  • QLD spot prices were consistent with the previous week and there was a small increase in average demand. Peak demand was marginally higher, which was largely driven by cooler temperatures.
  • NSW average spot price declined to $78.35/MWh. The decline in average spot prices was despite a marginal increase in average demand.
  • SA averaged greater exports than imports to VIC.
  • Snowy Hydro Corporation (Snowy) released an 800 MW tender seeking offtake from 400 MW of wind and 400 MW of solar generation.
  • There were large declines in the VIC forward market, particularly for 2020 contracts, with a small uplift in volume of contracts traded.
  • The Basslink interconnector between TAS and VIC remained offline.

 


Queensland

New South Wales

Victoria

South Australia

Source: AEMO / ASX Energy