Oct 2023 - Energy Market Update from Blue NRG

Oct 2023 - Energy Market Update from Blue NRG

In the beginning of Q4, high availability of solar and wind energy has resulted in a dip in the market, with energy spot prices remaining largely in the negative throughout the day. Forward market predictions show the trend is likely to continue. 

International coal and gas prices have normalised with widespread storage of gas happening in Europe, in preparation for winter in the Northern Hemisphere. 

However, the market remains vulnerable to domestic and international shocks. 

Coal-fired generation plants across the National Electricity Market are considered highly unreliable, due to being run hard over the last 18 months, and are causing uncertainty in the market.

El Niño is forecasted for the summer, set to bring hot, dry conditions across Australia and the possibility of an uplift in prices in the coming months. 

Blue NRG proactively seeks out reliable, cheap energy, including from certified renewable solar and biofuel sources. 

Get in touch with one of our Business Relationship Managers today to discuss how we can create a bespoke energy plan for your business.

Call us on 1300 599 888 or email Business@bluenrg.com.au

NSW Wine Industry Partners

Upcoming Events

May 2024

NSW Sommelier's Wine List Awards

The next NSW Sommelier's Wine List Awards are now OPEN for entries. To find out more about these Awards and see who were the 2023 #nswwinestar click below.

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27 May 2024

Sydney Trade Tasting ~ Young Guns

The next NSW Wine Sydney Trade Tasting of 2024 will take place in May in a central CBD location, and will be focusing on wines from up and coming winemakers.

November 2024

NSW Wine Awards Presentation

Join the Governor of NSW at a lavish lunch at ICC Sydney and be amongst the first to hear which NSW wines and winemakers have been crowned the best of the best in 2024.