Here at Edge Utilities, we specialise in delivering enterprise buying power to businesses, Strata and Body Corporates. The Edge Utilities Quarterly Report is a resource that educates you more about the energy and utilities market, in turn, helping you. The report consists of an educational segment, market information (such as movements and forward fundamentals), and the occasional profile piece.
In this report, we will look at the National Electricity Market (NEM) and what factors impacted pricing and demand in the second quarter of 2020 (Q320). The impact of which COVID-19 had on Q320, has only been modest in respect to demand. Q320 saw the lowest wholesale electricity and gas prices in the National Electricity Market (NEM) since 2014. Some of the key drivers behind this result included:
- East coast wholesale gas prices averaging $3.85/GJ, down from $9.75/GJ in 2019
- Changes in the generation mix
- Power system security concerns
- Operational demand continuing to fall
- Spot prices dropping
- Falls in Electricity futures
Also featured in this report, is an article on the benefits behind using a broker or consultant.
Are you ready to Re.Think your utilities contracts to save money and get better value?
Download a copy of the full Q320 Report here: Edge Utilities – Quarterly Report – Edition 2
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