Wholesale Electricity Prices Update June 2021

After months of falling or flat wholesale pricing, the last couple of months has seen a steady increase, with prices up around 15% compared to Feb/Mar this year. To keep this in perspective, pricing is still over 15% lower than 12 months ago, though the question on whether this lower price trend is sustainable remains? Qld and NSW price increases are higher, being affected by the fire at Callide C power station in May causing a long term outage affecting supply.

The last couple of months has shown how events can impact prices leading to volatility in the wholesale market. DFE can support businesses looking for certainty in electricity prices and help identify opportunities for savings and benefits. Contact DFE for details and options.