The main index ticked up slightly this month to 16.1 c/kWh continuing the unchanged nature since mid-March, however, the CFD index has continued down over this time, and the FPVV index has continued up during the same period. While not the number of eligible trades as last month, we are still seeing solid trades lead by consumers seeking FPVV deals while futures price were low and lake levels above average. 

As mentioned in the last report, prices for 36-month ASX strips continued to track down, still at their lowest since late 2023.The first signs of winter are now here, and the forecast of an upcoming El Nino event are building, this and the continuing uncertainty in the Middle East means pressure remains on a solution for dry years, we expect to keep hearing from politicians and pundits as the election gets closer.