Week 44

AEMO directed three wind farms in Victoria to briefly disconnect for system strength on the morning of 28 October. WattClarity

Energy Minister Chris Bowen submitted two AEMC rule change requests requiring data centres to firm demand with regional clean energy contracts. The Energy Co

The Western Australian Government doubled its renewable energy target for the South West Interconnected System from 40 per cent to 75 per cent within five years. Energy Source & Distribution

Snowy Hydro projected its 2.2 GW pumped hydro expansion will cost between $22 billion and $25 billion, scheduling completion for late 2029. Energy Source & Distribution

Developers reached financial close or started construction on 12 renewable projects totalling 2.6 GW in the first half of 2026. The Energy Co

Neoen raised a $1.8 billion debt financing package for a 1.2 GW Australian renewable energy portfolio. Energy Source & Distribution

The AEMC received a rule change request from Energy Minister Chris Bowen on 20 October to amend the National Electricity Rules for data centre contracting obligations. AEMC

The AEMC received a rule change request from the federal energy department on 20 October to amend the connections framework for integrated facilities. AEMC

AEMO opened consultation on the IN008-25 East Coast Gas Life Support Changes, with submissions closing on 17 November. AEMO

The AER published its decision on 30 October rejecting proposed tariff structure statement amendments by Ergon Energy and Energex. AER

The NEM weekly average price fell 16 per cent against the prior week to $74.80/MWh, with Tasmania and South Australia recording the largest percentage decreases. NEM recap 1 Nov

South Australia recorded the highest price of the week at $348.97/MWh at 06:00 on 28 October. NEM recap 28 Oct

South Australia recorded 108.8 hours of negative prices, representing 64.8 per cent of the week for the region. NEM recap 1 Nov

Total FCAS costs reached $1.49 million, increasing 25.5 per cent against the prior week. NEM recap 1 Nov

The NEM renewable generation share reached a peak of 77.3 per cent at 12:05 on 29 October. NEM recap 29 Oct

Brent Crude increased 1.5 per cent to US$113.43 a barrel, while Newcastle Coal fell 0.2 per cent to US$150.45/t.

TTF Gas increased 10.8 per cent to EUR103.94/MWh, while US Natural Gas decreased 4.9 per cent to US$2.90/mmbtu.