ASX Energy - Daily Spot Market ReportMarch 12, 2014

1 AUSTRALIAN CAPITAL CITY WEATHER FORECAST

Table 1: Capital City Weather Forecast

Thursday Friday Saturday Sunday Monday13/03/2014 14/03/2014 15/03/2014 16/03/2014 17/03/2014

State max min max min max min max min max minSydney 27 20 28 20 28 20 30 21 25 15Melbourne 24 12 27 13 31 16 20 16 19 11Brisbane 29 19 29 19 30 19 34 19 33 21Adelaide 27 13 28 14 27 18 20 11 21 13Hobart 23 11 22 12 27 14 20 17 18 10

Source: www.bom.gov.au

2 FUTURES CLOSING PRICES

(4PM PREVIOUS TRADING SESSION)

1. 10 minute-delayed intraday data showing best prices including implied

prices available from: https://asxenergy.com.au/futures

2. 10 minute-delayed intraday data showing additional detail of outright prices

available from: https://asxenergy.com.au/futures_actual#A

Tabl

e2:

Futu

res

Pric

es(N

SW

and

VIC

).Leg

end:

0.00

Act

ualp

rice,

0.00

Impl

ied

pric

e

NS

WV

ICba

sepe

akof

fpea

kca

psba

sepe

akof

fpea

kca

psB

idA

skS

ettle

Bid

Ask

Set

tleB

idA

skS

ettle

Bid

Ask

Set

tleB

idA

skS

ettle

Bid

Ask

Set

tleB

idA

skS

ettle

Bid

Ask

Set

tleJa

n20

14Fe

b20

14M

ar20

1448

.92

46.4

1A

pr20

1453

.90

51.0

048

.92

May

2014

54.9

451

.73

Jun

2014

54.9

451

.73

Q1

2014

50.1

550

.70

50.4

553

.25

54.5

053

.50

46.8

648

.77

0.04

0.54

0.15

56.0

556

.50

56.2

571

.00

72.5

072

.50

43.9

645

.84

6.00

6.75

6.15

Q2

2014

54.5

054

.75

54.6

058

.85

59.3

059

.10

51.0

451

.79

1.00

1.50

1.25

50.8

050

.94

50.8

056

.25

56.7

556

.75

46.5

147

.11

0.65

0.70

0.65

Q3

2014

43.1

543

.25

43.2

551

.35

2.35

2.85

2.45

37.0

037

.25

37.0

541

.25

42.2

541

.70

32.7

334

.00

1.10

1.75

1.50

Q4

2014

38.6

039

.00

38.6

549

.50

2.25

3.10

3.00

32.1

032

.40

32.4

037

.25

38.5

037

.75

27.3

128

.77

1.70

2.05

2.05

Q1

2015

40.6

040

.75

40.6

153

.00

5.25

5.30

40.1

040

.55

40.4

055

.50

56.5

029

.56

7.00

7.75

7.50

Q2

2015

38.3

538

.75

38.3

648

.50

2.25

32.3

532

.55

32.3

537

.75

38.2

528

.80

1.30

2.00

1.65

Q3

2015

39.2

539

.30

39.2

547

.80

3.20

4.50

3.40

32.3

532

.85

32.4

038

.75

2.00

2.60

2.45

Q4

2015

37.9

538

.21

49.7

94.

205.

504.

4031

.00

31.5

031

.30

38.0

02.

252.

802.

65Q

120

1640

.65

41.0

040

.68

55.5

08.

008.

508.

0039

.95

40.6

040

.01

59.2

57.

258.

25Q

220

1638

.30

38.5

038

.30

47.1

83.

203.

753.

5032

.25

32.6

032

.25

41.0

01.

66Q

320

1640

.00

40.9

540

.40

48.1

35.

0032

.25

33.5

033

.50

47.0

02.

77Q

420

1639

.50

40.5

040

.30

44.2

56.

2531

.75

33.0

033

.00

51.0

03.

87Q

120

1749

.00

49.0

077

.38

14.9

648

.00

48.0

013

5.75

13.9

0Q

220

1737

.50

43.0

043

.00

47.3

84.

0032

.00

38.0

038

.00

51.2

02.

10Q

320

1745

.55

48.1

36.

7539

.40

39.4

058

.20

3.50

Q4

2017

46.4

642

.13

7.75

37.9

737

.97

66.5

55.

15C

al20

1446

.56

46.8

81.

422.

0143

.90

44.1

951

.12

52.1

837

.66

38.9

62.

352.

80Fi

n20

1540

.18

40.4

435

.40

35.6

042

.86

30.1

32.

763.

37C

al20

1539

.10

39.2

533

.92

34.1

03.

123.

77Fi

n20

1639

.05

39.1

04.

645.

5633

.88

34.2

0C

al20

1639

.61

40.2

434

.40

34.7

03.

604.

40Fi

n20

1743

.33

38.0

7C

al20

1740

.81

Tabl

e3:

Futu

res

Pric

es(Q

LDan

dS

A).L

egen

d:0.

00A

ctua

lpric

e,0.

00Im

plie

dpr

ice

QLD

SA

base

peak

offp

eak

caps

base

peak

offp

eak

caps

Bid

Ask

Set

tleB

idA

skS

ettle

Bid

Ask

Set

tleB

idA

skS

ettle

Bid

Ask

Set

tleB

idA

skS

ettle

Bid

Ask

Set

tleB

idA

skS

ettle

Jan

2014

Feb

2014

Mar

2014

54.5

752

.29

Apr

2014

54.5

057

.50

56.6

960

.61

May

2014

58.4

164

.96

Jun

2014

57.8

265

.94

Q1

2014

67.4

067

.65

67.5

077

.75

12.7

514

.00

12.7

565

.00

68.0

066

.50

90.7

57.

258.

258.

00Q

220

1457

.40

57.8

057

.65

62.2

562

.75

54.6

83.

754.

253.

7563

.60

64.2

563

.85

84.7

575

.80

48.3

53.

504.

904.

40Q

320

1447

.20

47.5

047

.25

52.0

057

.00

53.0

039

.45

43.9

43.

355.

003.

7553

.75

54.7

053

.75

59.7

54.

505.

255.

00Q

420

1447

.00

47.7

547

.00

60.0

061

.50

38.3

35.

856.

506.

1544

.50

45.2

558

.25

5.65

6.00

5.65

Q1

2015

59.7

560

.00

59.8

583

.00

83.0

042

.61

12.6

012

.70

12.6

057

.25

88.5

013

.50

Q2

2015

44.4

044

.50

44.4

050

.00

3.75

44.5

053

.00

4.75

Q3

2015

44.7

544

.90

44.8

252

.55

4.00

46.0

053

.00

4.75

Q4

2015

48.7

048

.95

48.7

559

.10

60.1

041

.14

5.75

7.25

44.0

054

.00

7.50

Q1

2016

61.0

061

.20

61.0

989

.54

13.0

015

.00

13.0

057

.37

100.

0016

.75

Q2

2016

45.3

045

.40

45.3

846

.50

46.5

044

.56

3.25

5.50

4.15

45.2

246

.50

4.75

Q3

2016

46.7

547

.20

46.7

858

.00

4.50

49.3

546

.00

4.75

Q4

2016

50.7

551

.20

50.7

970

.50

8.00

52.0

648

.00

9.00

Q1

2017

69.6

012

8.00

14.4

079

.50

79.5

010

0.00

24.3

5Q

220

1748

.65

43.3

82.

7554

.45

36.5

04.

00Q

320

1746

.50

61.3

83.

5054

.45

36.5

04.

25Q

420

1747

.50

71.3

87.

0057

.45

36.5

09.

00C

al20

1454

.67

55.1

06.

407.

4156

.65

5.22

6.09

Fin

2015

49.5

549

.90

Cal

2015

49.3

649

.45

Fin

2016

49.9

550

.10

Cal

2016

51.0

051

.10

Fin

2017

Cal

2017

3 ELECTRICITY SPOT PRICE AVERAGES

Table 4: Spot Price Averages

QueenslandType Base Peak Offpeak $300 Cap

Average to Date Minimum PayoutMonth to Date (MTD) 47.44 50.26 42.29 0.00 0.00Quarter to Date (QTD) 70.08 83.71 47.11 15.03 0.17

New South WalesMonth to Date (MTD) 47.59 49.37 44.36 0.00 0.00Quarter to Date (QTD) 50.68 53.21 46.43 0.00 0.00

VictoriaMonth to Date (MTD) 43.44 45.84 40.03 0.00 0.00Quarter to Date (QTD) 58.60 68.05 43.30 7.63 0.08

South AustraliaMonth to Date (MTD) 47.97 51.27 43.28 0.00 0.00Quarter to Date (QTD) 69.89 83.98 47.07 9.13 0.10

TasmaniaMonth to Date (MTD) 47.89 44.56 53.95 3.77 0.12Quarter to Date (QTD) 40.53 39.45 42.49 1.58 0.02

Source: www.aemo.com.au

4 NEM SPOT FORECAST

Source: www.aemo.com.au

Figure 1: NEM Spot Forecast (QLD)

Figure 2: NEM Spot Forecast (NSW)

Figure 3: NEM Spot Forecast (VIC)

Figure 4: NEM Spot Forecast (SA)

Figure 5: NEM Spot Forecast (TAS)

Figure 6: Actual and Forecast RRP for all Regions

5 7-DAY DEMAND AND CAPACITY FORECAST

Source: www.aemo.com.au

Figure 7: 7-Day Demand and Supply Forecast (QLD)

Figure 8: 7-Day Demand and Supply Forecast (NSW)

Figure 9: 7-Day Demand and Supply Forecast (VIC)

Figure 10: 7-Day Demand and Supply Forecast (SA)

Figure 11: 7-Day Demand and Supply Forecast (TAS)

6 YESTERDAY’S DEMAND AND GENERATOR BID STACKS

OVERLAYED ON TODAY’S DEMAND FORECAST

Source: www.aemo.com.au

Figure 12: Yesterday’s Generator Bid Stacks Overlayed on Today’s DemandForecast (QLD)

Figure 13: Yesterday’s Generator Bid Stacks Overlayed on Today’s DemandForecast (NSW)

Figure 14: Yesterday’s Generator Bid Stacks Overlayed on Today’s DemandForecast (VIC)

Figure 15: Yesterday’s Generator Bid Stacks Overlayed on Today’s DemandForecast (SA)

Figure 16: Yesterday’s Generator Bid Stacks Overlayed on Today’s DemandForecast (TAS)

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All data sourced by ASX unless stated otherwise