{"id":70303,"date":"2023-01-25T06:59:32","date_gmt":"2023-01-24T20:29:32","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=70303"},"modified":"2023-01-25T10:47:08","modified_gmt":"2023-01-25T00:17:08","slug":"electricity-report-aemo-mb2803","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/electricity-report-aemo-mb2803\/","title":{"rendered":"Wholesale Electricity Prices Plummet, But…"},"content":{"rendered":"

\"AEMO<\/p>\n

The good news is wholesale electricity prices in Australia’s National Electricity Market (NEM) dropped a long way during the December quarter. The bad news is prices were still well above a year prior.<\/p>\n

The Australian Energy Market Operator’s (AEMO’s) latest Quarterly Energy Dynamics (QED) report indicates wholesale prices averaged $93 per megawatt hour (MWh) across the NEM during the December 2022 quarter, down 57% from the September quarter ($216\/MWh). However, they were still a long way off Q4 2021’s average of $52\/MWh.<\/p>\n

\u201cFollowing the Federal Government\u2019s temporary capping of wholesale domestic gas and thermal coal markets on 9 December, ASX Cal23 electricity futures prices saw steep falls in the mainland states through to the end of the quarter,\u201d said<\/a> AEMO’s Violette Mouchaileh.<\/p><\/blockquote>\n

A few days prior to the release of the AEMO’s report, the Albanese Government said reductions in wholesale electricity prices resulting from its Energy Price Relief Plan actions<\/a> will take some time to flow through to households, but they should expect to pay $230 less in 2023-24<\/a>.<\/p>\n

But it’s important to note the Energy Price Relief Plan isn\u2019t expected to bring down what were already increased electricity prices from where they were in December last year, just to reduce the amount they would otherwise further increase by. It’s another good reason for households (and businesses) to install solar<\/a> sooner rather than later.<\/p>\n

Renewable Energy Shines In Q4<\/h2>\n

And speaking of solar energy, some other good news was output from wind and utility-scale solar power produced 20% of total generation in the NEM during the last quarter as new facilities were connected and commissioned.<\/p>\n

Along with lower demand due to milder conditions and the lowest output from coal-fired power generation since the NEM commenced back in 1998,\u00a0 NEM emissions dropped to the lowest quarter on record at 26.4 million tonnes carbon dioxide equivalent (CO2e)\u00a0 \u2013 5.6% lower than Q4 2021 levels. Western Australian Wholesale Electricity Market (WEM) emissions dropped 11%.<\/p>\n

The quarter certainly wasn’t without incident. The AEMO notes high price volatility was the result of a transmission failure in South Australia, following a storm event<\/a> that saw a bunch of blackouts in the state and SA disconnected from the rest of the NEM for a week.<\/p>\n

\u201cWhile SA lost interconnection, instantaneous renewable penetration in SA peaked at an extraordinary 91.5% on 19 November,\u201d said Ms. Mouchaileh.<\/p><\/blockquote>\n

SQ’s Anthony recently took a deep dive into how SA’s electricity system managed<\/a> during the event until reconnected, and the impacts on small-scale solar power – it’s well worth a read.<\/p>\n

Ms. Mouchaileh said the November event in SA was a glimpse of the future, “when both batteries and gas generation will be key to Australia realising its renewable potential.”<\/p>\n

During the quarter, new instantaneous renewable penetration records were also set in the NEM at 68.7% on 28 October and in the WEM at 84.3% on 12 December. These events were largely driven by high levels of distributed solar power states the AEMO.<\/p>\n

The AEMO’s full Quarterly Energy Dynamics – Q4 2022 covering\u00a0 1 October to 31 December 2022 can be viewed here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The good news is wholesale electricity prices in Australia’s National Electricity Market (NEM) dropped a long way during the December quarter. The bad news is prices were still well above a year prior.<\/p>\n","protected":false},"author":17,"featured_media":70304,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-70303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nWholesale Electricity Prices Plummet, But...<\/title>\n<meta name=\"description\" content=\"Wholesale electricity prices in Australia's NEM dropped a long way during the December quarter, but prices were still well above a year prior\" \/>\n<meta name=\"robots\" content=\"index, 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How Did Wholesale Electricity Prices\u2026","rel":"","context":"In "Electricity Prices"","block_context":{"text":"Electricity Prices","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electricity-prices\/"},"img":{"alt_text":"Powerlines","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/wholesale-electricity-prices.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/wholesale-electricity-prices.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/wholesale-electricity-prices.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/wholesale-electricity-prices.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/wholesale-electricity-prices.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47753,"url":"https:\/\/www.solarquotes.com.au\/blog\/renewables-wholesale-electricity-mb1886\/","url_meta":{"origin":70303,"position":2},"title":"Renewables Help Achieve Lowest Wholesale Electricity Prices In Years","author":"Michael Bloch","date":"February 19, 2021","format":false,"excerpt":"Wholesale electricity prices in the National Electricity Market last year were at their lowest since 2015 says the Australian Energy Regulator. The AER's latest Wholesale Markets Quarterly Report looks at the entire year, but with a special focus on the final quarter. Commenting on the report, AER Chair Clare Savage\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewables and wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":50408,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-wholesale-electricity-mb1999\/","url_meta":{"origin":70303,"position":3},"title":"Rooftop Solar Continues Assault On Wholesale Electricity Prices","author":"Michael Bloch","date":"May 18, 2021","format":false,"excerpt":"The Australian Energy Regulator again confirms the role rooftop solar power system owners are playing in in slashing wholesale electricity prices. Usually during the summer months, wholesale electricity prices increase primarily due to demand driven by increased air-conditioner use - but this wasn't the case in the first quarter of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar energy and wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":61413,"url":"https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-solar-mb2455\/","url_meta":{"origin":70303,"position":4},"title":"Rising Electricity Prices: It’s Time To Go Solar","author":"Michael Bloch","date":"May 2, 2022","format":false,"excerpt":"Higher retail electricity prices will add to household hip-pocket pain, but make installing solar panels an even more attractive prospect. There's been a lot of buzz in recent days regarding the Australian Energy Market Operator's (AEMO's) Quarterly Energy Dynamics Q1 2022 report. The report notes wholesale electricity prices in the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity bills - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":26361,"url":"https:\/\/www.solarquotes.com.au\/blog\/sa-coal-renewables-electricity-mb0853\/","url_meta":{"origin":70303,"position":5},"title":"SA Electricity Prices: Post-Coal Post-Mortem","author":"Michael Bloch","date":"December 6, 2018","format":false,"excerpt":"A report just released by the Victoria Energy Policy Center (VEPC) confirms renewable electricity generation has brought wholesale electricity prices down - and is likely to continue to do so. While painting an international picture, a focus in the report is a case study of the situation in South Australia.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Wind an solar power - SA wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/70303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=70303"}],"version-history":[{"count":6,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/70303\/revisions"}],"predecessor-version":[{"id":70312,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/70303\/revisions\/70312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/70304"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=70303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=70303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=70303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}