Market Update February 2022

Below is a lite version of our monthly energy & carbon market update.

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  • AEMO’s Quarterly Energy Dynamics Q4 2021 Report was published, showing a record quarter for renewable energy, the impact of synchronous condenser installations in South Australia and discussing the new wholesale demand response (WDR) mechanism, among many others.
  • AER released the draft Export Tariff Guidelines for consultation.
  • AER’s Transparency Review of AEMO’s Draft 2022 ISP determined that AEMO has not adequately explained why thermal coal plants are assumed to be unable to operate flexibly.
  • New South Wales formally declares its second Renewable Energy Zone (REZ) as New England.
  • The month of January saw a month-on-month increase in electricity prices for all NEM regions – most prominently for Victoria – with overall higher energy demand and lower price volatility.
  • 2023 Flat Futures prices trended upwards for all states except Victoria.
  • Gas prices rose in all areas except Queensland.
  • ACCUs continue their bullish run with prices passing $55/certificate but may be slowing.
  • LGCs saw an uplift in all vintages in the month of January, except for spot LGCs (2022).

Data and charts are sourced from our digital workbench CORE Markets, with insights from our advisory team. If you have any queries or want to know more, please get in touch. 

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Feature 1: 2021 ACCUs Snapshot

A full discussion of ACCUs in 2021 can be found here: 2021 ACCUs Snapshot – Renewable Energy Hub.

Feature 2: AEMO Quarterly Energy Dynamics Q4 2021

AEMO’s Quarterly Energy Dynamics Q4 2021 Report was published, showing a record quarter for renewable energy, the impact of synchronous condenser installations in South Australia and discussing the new wholesale demand response (WDR) mechanism, among many others.

To access the full version of our newsletter with detailed commentary from our expert industry analysts, become a subscriber to our CORE Markets Platform

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