Electricity Market Prices – Week ending 8 February 2019

Key electricity market observations for the week ending 8 February 2019:

The Australian Institute published a review of the reliability of NSW located coal and gas power stations specifically focused on the major breakdowns throughout 2018.
Snowy Hydro water levels continue to decline at a slower rate relative to the same period in 2018. This was anticipated by the market and a key driver behind the increase in the forward curve from mid 2018.
QLD weekly average spot price and demand were $86.97/ MWh and 6,647 MW respectively. QLD continues to enjoy the lowest spot prices in the NEM.
AGL’s NSW generation portfolio was temporarily reduced at times last week when units at Bayswater and Liddell power station came offline.

Week Ending	Region	Period	Last Week	This Week	High	Low	Delta
08/02/2019	QLD	SPOT	100,14	86,97	152,58	44,04	-13,15
08/02/2019	QLD	CAL19	80,63	78,10	79,07	77,25	-3,13
08/02/2019	QLD	CAL20	67,55	66,53	67,39	65,80	-1,50

Week Ending	Region	Period	Last Week	This Week	High	Low	Delta
08/02/2019	NSW	SPOT	149,34	105,72	303,96	49,43	-29,20
08/02/2019	NSW	CAL19	98,06	94,85	95,57	93,93	-3,27
08/02/2019	NSW	CAL20	80,53	79,86	80,64	79,32	-0,82

Week Ending	Region	Period	Last Week	This Week	High	Low	Delta
08/02/2019	VIC	SPOT	137,05	140,56	1.446,87	29,75	2,57
08/02/2019	VIC	CAL19	115,18	111,93	113,67	110,72	-2,83
08/02/2019	VIC	CAL20	86,26	85,43	86,24	85,01	-0,96

Week Ending	Region	Period	Last Week	This Week	High	Low	Delta
08/02/2019	SA	SPOT	121,75	133,82	1.553,90	-133,96	9,91
08/02/2019	SA	CAL19	111,56	111,39	111,58	111,34	-0,15
08/02/2019	SA	CAL20	83,41	83,44	83,44	83,44	0,04