Electricity Market Prices – Week ending 10 May 2019

Key electricity market observations for the week ending 10 May 2019:

  • AEMO released the final FY20 Marginal Loss Factors (MLFs) on Friday. Earlier this year, the MLFs received unprecedented attention as a result of the material changes for some power stations. The worst affected power station in the NEM was Broken Hill solar farm which is owned by AGL.
  • QLD weekly average spot price and demand were $72.75/ MWh and 5,868 MW respectively. Average weekly demand was 268 MW below that of the previous week. This can largely be attributed to an uplift in rooftop solar generation.
  • NSW futures generally declined throughout the week, however like QLD, volumes traded over the ASX were relatively small.
  • VIC weekly average spot price and demand were $103.42/ MWh and 4,828 MW respectively. Spot prices at these levels is very high in a historical context for VIC which (prior to the retirement of Hazelwood) had significantly lower prices.

Queensland

New South Wales

Victoria

South Australia

Source: AEMO / ASX Energy