Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
trend in spot prices
During another week that showed signs of the challenges facing all generators (new and old) in relation to spot prices for energy, invitations were delivered for discussions that will happen on 15th July.
The surge in NEM spot prices since 2015, and related impacts on contract and retail prices, have been extensively discussed and analysed in many forums, from ACCC inquiries to Twitter….
Guest author, Allan O’Neil, follows up a post in September (reviewing what the AEMO’s ESOO was saying about summer 2017-18) with this review of updated data
Colourful distribution of spot prices – for each year of 11.5 years of NEM history.
Clearly see the trend over time.