AER approved Jemena Electricity Networks' 2026-31 Electricity Pricing and Services Plan. Jemena stated the determination will strengthen its role in the energy transition while reducing distribution costs for customers.
The NEM average price settled at $53.5/MWh. New South Wales recorded a regional average of $97.0/MWh, the highest recorded in that region over the past week. South Australia experienced 20.7 hours of negative prices, reaching a minimum of -$100/MWh at 12:30. The highest price across the market was $133/MWh in South Australia at 01:45. New South Wales reached a demand peak of 8,206 MW at 18:40, while renewables provided 51.2 per cent of total energy.
Experts warned that international power grids must double in capacity to overcome infrastructure constraints hindering the transition from fossil fuels, according to ABC News. Endeavour Energy planned to restore power to approximately 90 per cent of customers impacted by damaging gale-force winds by 10pm on Sunday. Natural gas prices increased 2.3 per cent to US$3.04/mmbtu.
AEMO opened consultations on four regulatory instruments. Submissions for the proposal to reclassify East Coast gas technical protocol documents close on 16 October. Responses to the discussion paper for AEPC_2026_17 are due on 28 October. Submissions for the Project Assessment Draft Report on maintaining reliability at Atherton Tablelands and Cairns close on 11 November. Feedback on the Project Specification Consultation Report for the Thomastown Terminal capacity constraint closes on 22 December. AER is assessing a cost pass through application from Essential Energy to recover costs from the 2025 North Coast weather event.