Electricity Market Prices – Week ending 22 March 2019

Key electricity market observations for the week ending 22 March 2019:

  • The Energy Security Board (ESB) released its post 2025 Market Design – Scope and Forward Work Plan on Friday. The ESB has been tasked in developing advice on a long term, fit for purpose market framework to support reliability that could apply from mid-2020s.
  • QLD weekly average spot price and demand were $87.66/MWh and 6,657 MW respectively. Warmer temperatures in Brisbane on Tuesday, Wednesday and Thursday pushed up the peak and average demand on these days however there was no material volatility in spot prices.
  • Kogan Creek power station returned to service late on Tuesday night after coming offline on Sunday 10 March.
  • NSW weekly average spot price and demand were $91.85/MWh and 7,675 MW respectively. Temperatures in Sydney did not rise above 30 degrees and consequently average weekly demand softened by 411 MW.
  • SA weekly average spot price and demand were $108.46/MWh and 1,354 MW respectively. Both spot prices and demand were higher as Adelaide had relatively warm temperatures throughout the week, although not to the extent that was experienced in January.

Queensland

New South Wales

Victoria

South Australia

Source: AEMO / ASX Energy