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Wondering what's been happening in the market this month? Our experts unpack the highs and lows in the market wrap.
Monthly market trends
We bring you the final market wrap for 2021, where we break down the energy market prices that occurred throughout 2021.
While the average spot price in November increased in all regions of the NEM (compared to October), there has been a year-on-year softening of spot prices in November for Victoria and South Australia.
October was the first month in the National Electricity Market with five minute settlement in place. However, we may have to wait a little longer to observe its impact on the spot price.
September has seen lower prices in all mainland regions compared to August, along with higher renewable penetration. The trend of the “deepening duck curve” continues, with similar or higher demand during peak periods, and lower demand in the middle of the day.