Virus shorts electricity demand

Original article by Perry Williams
The Australian – Page: 13 & 20 : 16-Apr-20

RepuTex has forecast that demand across Australia’s national electricity market will fall by 22.5 per cent in May due to the coronavirus lockdown. The consultancy also warns that wholesale electricity spot prices could fall below $40 per megawatt hour, which in turn could result in high-cost coal-fired power stations operating at a loss. The wholesale spot price has already fallen to around $45/MWh in most states, although RepuTex says this could rise to around $60/MWh in June if lockdown restrictions begin to ease.

CORPORATES
REPUTEX AUSTRALIA PACIFIC PTY LTD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s