Energy market
October 30, 2026
Energy Replay Q3 2026: Spot prices fell, but 2027 contract prices climbed.
Wholesale power got cheaper in Q3 2026, with the NEM average spot price falling to $63/MWh. Contract prices for 2027 went the other way, rising more than 9% in NSW, Queensland and Victoria. Here’s what moved the market and what it means if your contract is up for renewal in the next 12 months.