The main index has continued its long running trend down; this month 4.1% to 14.2 c/kWh which again, was not unexpected. The CFD index did however tick up a small amount this time, and the FPVV index has remained almost flat.

As mentioned in recent reports, inflows and lake levels have been a major contributing factor to continual lower prices seen through winter so far.

To give some context, lake levels are sitting around 43% above the 5-year average for this time of year. And as the days start to extend, we will soon move into the period when inflows from Norwest storms and snow melt have a greater impact. it feels too soon to expect we won’t get more wintery weather for a bit longer, but this winter has been mild in many places and demand has remained manageable.

As this is an election year, it has been good to see more debate around our energy futures, with energy policy from all major parties being released. Time will tell which direction we will travel, and how significant the changes may be, but energy is becoming more and more important to the public and not to be ignored by the politicians.