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Market Update Q1 19

May 20, 2019

The first quarter of 2019 has been very eventful in terms of energy. High demand conditions coupled with high fuel prices and low rain fall resulted in in high wholesale and record high Spot prices across the NEM. We expect the electricity prices to stabilise in Q2-19 and start trending lower this quarter.

Energy Intelligence recommends customers with electricity contracts expiring in 2019 or first half of 2020, to start the procurement process as soon as possible.

In the face of potential gas shortages, Energy Intelligence recommends that customers with gas contracts expiring anytime in 2019 or first half of 2020, start the procurement process in Q2-19 in order to avoid the northern hemisphere’s peak season (Australian spring-summer).

For more information on what is happening in the market or how Energy Intelligence can help with your procurement strategy, call us on 1300 277 233 or email info@energyintel.com.au. 

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