We research the market daily and upload current data to our market information pages so that our clients have constant access to price drivers and pricing movements via our website.
Price drivers are changing in the increasingly complex wholesale electricity market, as it transitions towards a low carbon future. This makes having access to up-to-date market information critical to securing you the best rates.
The electricity grid requires synchronous dispatchable generation for reliability and stability, and while increasing levels of Variable Renewable Energy (VRE), mainly wind and solar are welcome, they don’t provide energy that’s always available.
As a result of the increasing amount of VRE, the system is showing signs of stress, and these serious issues need to be addressed. In addition to reliability, the need for ancillary services to manage voltage and frequency is increasing.
There are certainly pricing concerns as generators are scheduled to retire from the aging coal fleet. There is also an increasing need for massive storage. All these issues must be factored into future pricing forecasts.
We upload news on issues that will impact pricing on our market Information pages. We graph hedging and spot market prices in each region of the national electricity market (NEM), as well as prices in the WA electricity market (WEM).