This is the 2026 edition of our annual review into Q2 spot prices, where we find that average prices fell sharply in all NEM regions compared to Q2 2025, but more importantly, duration curves are changing shape.
Oliver Nunn from Endgame Economics argues that we must begin to think about the distribution of prices in the NEM as a function of weather.
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.
One 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.
The unsuspension of the market is a useful time to reflect on 'how we got here' ... starting with this 18-month trend of daily average spot prices.
Only ~11 weeks after the end of Q2 2021 we're still exploring details of the extreme price outcomes. Here's some of the ways in which solar PV played a significant role in the price outcomes delivered.
Now making it 5 out of the past 6 years, we return to the analysis of electricity (spot and futures) pricing patterns for Q2 periods across the NEM regions ... and also in Western Australia. We see a number of ways in which Q2 2021...