Monthly Archives April 2019

The Highest Energy Price. Ever.

Victoria and New South Wales recorded their highest underlying energy price on record, while Queensland, South Australia and Tasmania recorded their second-highest energy prices on record this March quarter 2019 [1]. This follows the average National Electricity Market spot electricity prices on the Australian mainland were the highest on record in the last quarter of 2018 [2]. The highest electricity costs… ever. The incredible thing is this happened despite demand dropping to its lowest level in 2002. So the price hike isn’t driven by everyone suddenly needing more power, we’d bet (and the futures market for energy prices agrees with
Read More