The index has remained almost unchanged this month with only one FPVV contract contributing to the result. The concern regarding an outlier price remains, with only one CFD and one FPVV in two months. However, commentary from the EA suggests that contracts do see some seasonality, we hope to see more contracts on July to confirm the pattern seen over the last few months.

Winter weather has well and truly arrived for much of the country, with rain and snow events into hydro catchments continuing throughout June and into July. This should keep the price more stable and potentially ease further, but the cooler temperatures will increase demand, especially in our bigger northern cities.