Below, we summarise our latest forecast for wholesale electricity and Large-scale Generation Certificate (LGC) prices in the National Electricity Market (NEM) 2020-40, contained in our quarterly Australian Electricity Outlook (AEO).
The AEO presents RepuTex’s forecasts for wholesale price development over both medium- (16 quarters) and long-term horizons (20 years), providing an outlook for wholesale electricity prices for each region of the NEM in line with RepuTex’s view of the most likely market drivers and the current transition of the energy industry.
The AEO also provides an outlook for LGC prices, along with forecasts for market outcomes (such as change in capacity and generation mix) and analysis of the major factors that will impact on the electricity market in the forecast period.
The below summary describes our forecast changes in capacity and wholesale electricity prices in annual average (all regions) terms. For our price forecasts and analysis of individual regions please refer to the full AEO.
Australia on track to exceed 50% renewables by 2030
As noted in our earlier updates, we continue to forecast renewable energy generation will grow to 51 per cent of electricity in the NEM by 2030, indicating that the sector is on track to reach
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