Energy market
April 17, 2026
Energy replay Q1 2026
Australian energy businesses caught a break in Q1 2026 and then the market reminded everyone why complacency costs. Futures prices fell to two-year lows across NSW and QLD through January and February, before a Middle East conflict shock sent prices sharply higher in March. Every state told a different story. Here's what happened, what drove it, and what it means for your energy costs going forward.