News Archive

Market Updates Q1-20

May 05, 2020

As a result of positive market sentiment and improved market conditions, wholesale electricity prices continued their decline in Q1-20 in all NEM states.

Main factors which influence electricity prices in Australia have been favourable. The COVID-19 restrictions are having a material (7%) impact on the demand in NEM which has put significant downward pressure on the wholesale electricity prices.

Energy Intelligence views current electricity prices as a buying opportunity and we recommend all customers with electricity contracts expiring in 2020 and 2021 to start procurement processes as soon as possible. We expect prices to start increasing as soon as the COVID-19 restrictions end.

Contact our tendering team to see how we can help.

« Back