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Market Updates Q4-20

Jan 21, 2021

Australian Energy Market Intelligence Q4-20

Wholesale electricity prices across the NEM (National Energy Market) have remained relatively steady during the last quarter of Cal-2020. Energy Intelligence maintains a view that current electricity prices are a buying opportunity and the risk of prices increasing is greater than the risk of prices decreasing in the short to mid-term.
 
What’s happening in Victoria
Persisting mild weather, low number of outages and strong renewable generation had a positive impact on the Victorian wholesale electricity prices during Q4-20. We believe prices have bottomed out and will not breach the floor price of $42/MWh.
 
To find out more about what is happening in the other states or find out what effect these prices can have on your energy portfolio, contact one of our energy professionals on 1300 277 233 or email info@energyintel.com.au.

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