Electricity Market Prices – Week ending 26 October 2018

Key electricity market observations for the week ending 26 October 2018:

  • The COAG Energy Council met on Friday to discuss default pricing and the Retailer Reliability Obligation. The Retailer Reliability Obligation is an adaptation of the Reliability Guarantee first proposed under the National Energy Guarantee. According to the Federal Government, the Retailer Reliability Obligation will support a reliable energy system by requiring companies to hold contracts or invest directly in dispatchable energy to meet demand.
  • Weekly average spot prices were softer in all mainland NEM regions last week, however remain high for this time of year.
  • 2019 and 2020 futures pushed up across all mainland NEM regions as bullish attitude in the market prevails.
  • White Rock solar farm generated energy last week. The solar farm first came online in early October, however did not generate again until last week. The solar farm has been constructed next to White Rock wind farm where the developers, Goldwind, have taken advantage of the existing infrastructure of the wind farm and bolted on the 20 MW solar farm.

Queensland

New South Wales

Victoria

South Australia

Source: AEMO / ASX Energy