Last week, the Australian Energy Market Operator (AEMO) released the Q2 edition of its Quarterly Energy Dynamics (QED) report. A key finding in the report is the reduction in wholesale electricity prices seen last quarter. With government-supported Renewable Energy Zones (REZs) being proposed especially in New South Wales (NSW), what does this mean for renewable developers and their respective wind, solar and storage projects in the state?
In this Chart of the Week, we examine how wind and solar technologies are performing against (and impacting) the time-of-day price shape. We also provide commentary on what to expect going forward and the curious opportunities these trends might present to developers and investors