AEMO reduced flows on Project EnergyConnect to 200 MW westward starting at 09:10 on Monday. WattClarity reported this curtailment was implemented to maintain power system security within the New South Wales network. South Australia's spot price reached $3,290/MWh during the 12:10 dispatch interval, which WattClarity noted as a significant intraday volatility event.
The NEM average price settled at $68.90/MWh. South Australia recorded a regional average of $97.00/MWh, the highest in its seven-day range. The region reached a maximum price of $3,290/MWh at 12:10 and a minimum of negative $95.00/MWh at 08:30. Queensland experienced 16.5 hours of negative prices and South Australia recorded 14.8 hours. New South Wales registered the demand peak of 8,233 MW at 18:50, while renewables provided 53.3 per cent of energy across the market.
WattClarity reported mainland NEM frequency spiked twice on Friday due to significant negative aggregate dispatch errors from semi-scheduled renewable generators. These events occurred when actual variable renewable energy output substantially exceeded AEMO dispatch targets, driving frequency above the normal operating band. Battery energy storage systems across the NEM reached 20.17 GWh of stored energy on Friday. This volume represents a 203 per cent increase compared to the previous year.
AER approved an electricity retailer authorisation application from renewables developer Squadron Energy for a new entity called Squadron Energy Retail. Climate Change and Energy Minister Chris Bowen has been appointed as president of negotiations for the COP31 United Nations climate summit in Turkey. Bowen will lead international diplomatic discussions over the next fortnight aimed at securing global climate agreements.
Eku Energy commenced operations at the 200 MW Rangebank battery in Cranbourne, Victoria. The 400 MWh storage facility provides enough capacity to support approximately 80,000 households for one hour during periods of peak electricity demand. Pacific Blue submitted its proposed 855 MWh battery energy storage system in Victoria for federal environmental assessment under the EPBC Act. The referral marks a regulatory step for the utility-scale storage project as it moves through the development pipeline.
European Energy completed the Mulwala Solar Farm, marking its first solar project in New South Wales. The developer has plans in place to add a battery energy storage system to the site. The New South Wales government approved over 15,000 interest-free loans for residential solar, battery storage and energy-efficiency upgrades to reduce household energy costs.
Woodside Energy intends to reduce its global workforce by 10 per cent, affecting approximately 500 positions, to improve investment returns across its oil and gas portfolio. The International Energy Agency upgraded its solar PV outlook for the Asia-Pacific region by over 100 GW. The agency cited stronger deployment expectations across Australia, India, Korea and Indonesia driven by energy security and data centre demand. The agency forecasts global renewable capacity to expand by nearly 4,800 GW between 2026 and 2031.
Brent Crude fell 5.9 per cent to US$92.49 a barrel. Natural Gas rose 7.3 per cent to US$3.22/mmbtu. TTF Gas decreased 3.8 per cent to EUR82.33/MWh. AEMO published a draft report for its December 2026 Minor Amendment Consultation, with submissions closing on 24 November.