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posted on:
September
05
2016

VIC Electricity Market Increasingly Riskier

 

Source: Reneweconomy, 5 September 2016


Futures electricity contract trades for Victoria have tightened recently as a shadow of uncertainity lingers over the market in anticipation of potential future disruption. The combination of the 40% renewables target in Victoria and the unprofitability of the Portland smelter potentially offset by the closure of the Hazelwood Power Station make this a high risk market, writes .


Meanwhile, pricing in Queensland, South Australia and New South Wales has increased recently.


Gas Prices have been subdued since the volatile spot prices seen in Victoria during the months of July and August, where daily average prices reached a high of $32 per GJ on 13 July.


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