In 2016, following the end of a remarkable Q2 period, we completed some analysis of wholesale pricing patterns for each region over the ~90-day period. This was a sign of the energy transition, which had commenced prior to this point.
In each year since we’ve completed similar analysis for the Q2 just passed, with this analysis now collated in this category for ease of reference.
Q2 is particularly of interest as it’s traditionally been one of the more ‘boring’ quarters of the year, not historically been the focus of spot price volatility.
We just witnessed another eventful Q2, with at least four drivers contributing to significant price volatility. This is our annual review of Q2 prices, where we compare these outcomes against the long-term trend.
Read MoreOne year on from a market-wide suspension, Dan Lee provides a review of Q2 prices for 2023 so that we can examine some of the longer-term price trends.
After many years in a row, we return (in the midst of the ‘2022 Energy Crisis’) to review the pricing patterns in the NEM and the WEM for Q2 2022.
Spurred by a number of concurrent requests I’ve returned to the pattern of prior analysis of Q2 prices (completed in 2016, 2017 and 2018) to look at what’s changed for Q2 2020 that’s just ended. Some stakeholders clearly taken by surprise. Analysis includes the SWIS in Western Australia
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.
A year on from my review of “remarkable” prices seen in Q2 2016, I return to the same analysis and update for Q2 2017. Outcomes are even more extreme…
Some initial analysis about the remarkable pricing outcomes seen across all regions of the NEM through Q2 2016