The South Australian wholesale electricity market had a volume-weighted average price of $433/MWh for the first two weeks of July. By way of comparison, the volume-weighted average wholesale price in South Australia for the last eight calendar years has been $64/MWh. Extraordinarily high prices (greater than $2,000 per MWh) occurred in July for numerous half-hourly...

This report has been prepared for GetUp! We have been asked to analyse and comment on the retail electricity markets serving household electricity consumers in the National Electricity Market (NEM). The business of providing electricity to households by electricity retailers encompasses the acquisition of electricity in bulk, the purchase of network services from distributors and...