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 was ‘anything but boring’!