Energy Market Update
Learn how Energin has brought energy savings to businesses across different industries in Australia.
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December 2024 Electricity Market Review
Market Commentary December spot prices dropped in all states apart from South Australia after very high prices in October and November. Electricity prices in December 2024 were on average much higher than they were in December 2023. New South Wales…
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November 2024 Electricity Market Review
Market Commentary Electricity spot prices rose substantially across the entire National Electricity Market (NEM), with most states doubling over November 2024. The spot market situation had a knock-on effect on wholesale futures prices with pricing rising in all states except…
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October 2024 Electricity Market Review
Market Commentary The fragility of Australia’s energy grid infrastructure came under the spotlight in October 2024 when Broken Hill suffered a prolonged outage caused by extreme weather events. These events led to damage to transmission towers and the failure of…
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September 2024 Electricity Market Review
Market Commentary Electricity spot prices tumbled dramatically in September 2024 compared to the previous month of August while wholesale futures remained stable thanks to cool temperatures, low demand and abundant renewables flowing into the grid. The drop in spot prices…
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August 2024 Electricity Market Review
Market Commentary Australia’s electricity markets experienced significant volatility throughout August 2024, driven by an unusual confluence of record wind generation and unseasonably hot weather in northern states. These factors have sent spot and wholesale futures prices on a wild…
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