Week 43

AEMO's Q3 Quarterly Energy Dynamics report states average underlying NEM demand rose 1.3 per cent to record highs. The Energy Co

Akaysha Energy secured a $1.75 billion portfolio financing facility to support the development of its utility-scale battery pipeline. Energy Source & Distribution

Snowy Hydro revised the projected cost for the Snowy 2.0 pumped hydro project to $22.2 billion. Energy Source & Distribution

Alinta Energy withdrew plans to develop the 900 MW Oven Mountain pumped hydro project in New South Wales. Energy Source & Distribution

The New South Wales Government introduced legislation to permit the Mount Pleasant coal mine to expand production by 32 per cent. The Guardian

Engie reached financial close on a 150 MW expansion of the Hazelwood battery in Victoria. PV Magazine – Australia

AEMO published a draft MCC assessment on addressing system strength requirements in Queensland from December 2025. AEMO

AEMO released a discussion paper on the dispatch algorithm formulation. AEMO

AEMO opened consultation on the IPRR Trial Participation Guidelines with a discussion paper. AEMO

AEMO published an options screening report to secure supply and enable connections for the Beveridge area. AEMO

The NEM weekly average price rose 14.1 per cent to $89.1/MWh, with South Australia and Tasmania recording the largest increases. NEM recap 25 Oct

The highest price of the week was $337.6/MWh in Victoria at 08:20 on Wednesday. NEM recap 21 Oct

South Australia recorded 89.0 hours of negative prices, representing 53.0 per cent of the week. NEM recap 25 Oct

Total FCAS costs fell 2.9 per cent from the prior week to $1.18 million. NEM recap 25 Oct

NEM demand peaked at 9,199 MW in New South Wales at 16:45 on Sunday. NEM recap 25 Oct

Brent Crude rose 1.7 per cent to US$111.70 a barrel, while Newcastle Coal increased 0.2 per cent to US$150.70/t.

TTF Gas increased 7.2 per cent to EUR93.85/MWh, and Natural Gas fell 2.2 per cent to US$3.05/mmbtu.

The Capacity Investment Scheme closed its tender seeking 1.8 GW of renewable generation in Western Australia on 22 October 2026. CIS