Australian Spot Power Price Jumps on Still and Cloudy Weather (opens original article in a new tab)

Australian spot power prices reached A$450 per megawatt hour in Victoria as calm weather reduced wind energy output, highlighting increased market volatility linked to weather conditions.

• Australian spot power price surged to A$450 per megawatt hour in Victoria due to calm weather reducing wind energy output
• Renewables supplied 46.5% of Australia's energy in Q1 2026, increasing grid vulnerability to weather fluctuations
• High-pressure systems and cloud cover in Victoria are limiting both wind and solar energy generation
• Meteorologists predict low wind conditions for at least two weeks, with potential for sudden stratospheric warming to impact wind generation later