Over the top of the spot market, the ASX Futures predicts where the market is going. That’s very closely aligned to the fixed rate offers that come out of most retailers (not including their margin). This means businesses are paying for the possibility of changes in the market rather than when it really happens. Those who took advantage of the spot market came out on top.

Average wholesale spot price for Q1 2018

 NSW c/kWhQLD c/kWhSA c/kWhVIC c/kWh
Jan-187.607.3015.9013.30
Feb-187.307.4010.909.70
Mar-186.706.308.107.60
Average Q1 spot price7.207.0011.6310.20

Spot Vs fixed electricity contracts

 NSW c/kWhQLD c/kWhSA c/kWhVIC c/kWh
Average Q1 spot price7.207.0011.63

10.20
ASX Q1/18 electricity contract price published Q4 1710.7310.3916.4514.28
Saving on spot3.533.394.894.08
Saving %32.9%32.6%29.3%28.6%

Average Q1 2018 spot outcomes Vs Fixed Contract c/kWh

Spot Vs Fixed Electricity Contracts with Ceiling

 NSW
c/kWh
QLD
c/kWh
SA
c/kWh
VIC
c/kWh
Q1/18 electricity contract price published Q4 1710.7310.3916.4514.28
Average Q1 spot price7.207.0011.6310.20
Ceiling Premium0.4890.4890.4890.489
Saving on Spot with ceiling3.042.904.323.59
Saving %28.3%27.9%26.3%25.1%

Fixed Q1 Electricity Contracts Vs Renewable PPAs

 NSW
c/kWh
QLD
c/kWh
SA
c/kWh
VIC
c/kWh
Q1/18 electricity contract price published Q4 1710.7310.3916.4514.28
Renewable PPA price7.506.507.107.10
Saving on renewable PPAs3.233.899.357.18
Saving %30.1%37.4%56.8%50.3%

2018 calendar year contract prices Vs renewable PPA’s