Electricity Market Prices – Week ending 8 March 2019

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

  • The Australian Energy Market Operator (AEMO) released its draft marginal loss factors (MLFs) on Friday. As generally expected, solar and wind farms that are a long distance from the regional reference point have been hurt. The most notable example of this is the Broken Hill solar farm, which has a draft MLF for FY20 of 0.7254. This is 0.2535 below the current MLF.
  • QLD weekly average spot price and demand were $75.37/ MWh and 6,578 MW respectively. Demand increased throughout the week up to Thursday when the Brisbane maximum daily temperature reached 33.2 degrees.
  • NSW weekly average spot price and demand were $88.30/ MWh and 8,247 MW respectively. Both spot prices and demand were higher than the week prior.
  • VIC weekly average spot price and demand were $113.53/ MWh and 5,283 MW which were both below the previous week. Spot prices were notably lower due to the very high prices that occurred the week prior.

Queensland

New South Wales

Victoria

South Australia

Source: AEMO / ASX Energy