Australian Energy Regulator: "State of the Energy Market 2010"
Wed 15 Dec 2010
On 15 December, the Australian Energy Regulator (AER) published the “State of the Energy Market 2010†report on its website (http://www.accc.gov.au/content/index.phtml?itemId=961581).
This report provides a good overview of the Australian physical electricity market referred to as the National Electricity Market (NEM). Chapter 3 relates specifically to the financial electricity market and includes:
- The structure of electricity financial markets in Australia, including over-the-counter markets and the exchange traded market on the ASX 24
- Financial market instruments traded in Australia
- Liquidity indicators for Australia’s electricity financial markets, including trading volumes, open interest, changes in the demand for particular instruments, changes in market structure, and vertical integration in the underlying electricity wholesale market
- Price outcomes on the ASX 24