Electricity Market Prices – Week ending 26 July 2019

Key electricity market observations for the week ending 26 July 2019:

  • The Queensland Government provided an update on the shortlisted projects under its Queensland Renewables 400 program.
  • QLD weekly average spot price was $58.27/MWh which was $13.24/MWh below the previous week. Spot prices were softest in the middle of the day which is a consistent and increasing trend with the increase in solar penetration.
  • SA weekly average spot price and demand were $63.67/ MWh and 1,305 MW respectively. Spot prices were $19.40/ MWh below the previous week. Spot prices were volatile at times and this was largely due to binding constraints on the Heywood Interconnector (SA to VIC).
  • Water levels at Snowy Hydro are currently sitting at 24.4% which is above that of the same time last year. Despite being in a better position than last year the water levels are concerning and in a historical context are low.
Queensland

New South Wales

Victoria

South Australia

Source: AEMO / ASX Energy