Provisional Cash Settlement Prices, September and Q3 2025

Wed 1 Oct 2025

Australian Energy Provisional Prices

Please find below the Provisional Cash Settlement Prices based on the AEMO Regional Reference Prices (RRP) of the National Electricity Market and the daily Benchmark prices of the Victoria DWGM for the period of 01/07/2025 to 30/09/2025 for the quarter.

Base Month - September 2025
NSW = $71.24
VIC = $55.27
SA = $57.60
QLD = $54.35

Base Quarter - Q3 2025
NSW = $90.02
VIC = $77.10
SA = $103.63
QLD = $71.75

Peak Quarter - Q3 2025
NSW = $95.13
VIC = $93.65
SA = $124.09
QLD = $65.30

Morning Peak Quarter - Q3 2025
NSW = $96.35
VIC = $95.06
SA = $113.25
QLD = $75.72

Evening Peak Quarter - Q3 2025
NSW = $157.91
VIC = $144.11
SA = $189.69
QLD = $133.06

$300 Quarterly Cap - Q3 2025
NSW = $1.61
VIC = $1.48
SA = $24.28
QLD = $0.26

Gas Quarter - Q3 2025
VIC Gas = $12.11

New Zealand Energy Provisional Prices

Please find below the Provisional Cash Settlement Prices based on the grid reference point in the New Zealand Electricity Market conducted by NZX. 01/07/2025 to 30/09/2025.

Base Month - September 2025
Otahuhu = $115.94
Benmore = $111.53

Base Quarter - Q3 2025
Otahuhu = $133.67
Benmore = $127.75

Peak Quarter - Q3 2025
Otahuhu = $148.73
Benmore = $132.64

Prices will be confirmed on the third business day after expiry. The contracts will be cash settled on the fourth business day after expiry.