Latest Electricity Market News

Strike Energy reports a significant 35% increase in the Benchmark Reserve Capacity Price for 2028/29, alongside strong construction progress at its South Erregulla Power Project, signalling robust prospects for WA’s energy transition.

QPM Energy Limited has announced a substantial upgrade to its Moranbah Gas Project reserves and resources, now certified at over 1,000 petajoules, positioning the company as a key player in Queensland’s evolving gas and electricity markets.

1414 Degrees Ltd posted a steep 192% rise in half-year losses to $3.86 million, while advancing its silicon-based energy storage and hydrogen technologies. The company also faces uncertainty after its joint venture partner Vast Renewables entered administration.

Meridian Energy has reported a robust turnaround with a NZD 227 million net profit after tax for the first half of 2026, driven by record wind generation and strong hydro inflows. The company also raised its interim dividend and advanced multiple renewable projects.

Genesis Energy has completed a NZ$100 million share placement at NZ$2.15 per share, paving the way for a NZ$300 million rights offer to fund its renewable energy expansion under the Gen35 strategy.

Meridian Energy's January 2026 report reveals robust hydro and wind generation fueled by above-average water and snow storage, alongside rising retail sales, despite wholesale electricity prices plummeting to historic lows.

Meridian Energy’s January 2026 report reveals robust hydro and wind generation amid record rainfall and soaring electricity demand, despite wholesale prices plunging to historic lows.

AGL Energy reported a steady half-year performance with flat EBITDA and a slight dip in net profit, underpinned by improved operational metrics and strategic moves including a major telco divestment and renewable investments.

Frontier Energy has secured 88.06 MW of peak capacity credits for its Waroona Project, guaranteeing around $32 million annually for five years, while raising $11.5 million to advance debt financing and project development.

1414 Degrees has made significant strides in developing its Aurora Energy Precinct, securing crucial regulatory approvals for its battery storage system and progressing its battery materials and hydrogen technologies.

Carnarvon Energy advances its Bedout Sub-basin exploration with a major drilling campaign planned for early 2027, while maintaining a robust financial position and strategic investment in Strike Energy.

Meridian Energy's December 2025 report reveals robust hydro storage and inflows driving higher generation and retail sales, while wholesale prices remain subdued. Customer connections have surged nearly 20% year-on-year, positioning the company strongly for 2026.