New South Wales
2027 base futures pricing in NSW has fallen from around $115.44/MWh in September 2025 to $85.30/MWh today, a decrease of approximately 26%.
In Victoria, 2027 futures pricing has moved from around $74.81/MWh to $63.13/MWh, representing a decrease of approximately 16% over the past 12 months.
Source: ASX Energy.
Queensland
Queensland has also seen a significant decline, with 2027 futures pricing falling from around $97.12/MWh to $76.08/MWh, a decrease of approximately 22%.
Source: ASX Energy.
South Australia
In South Australia, 2027 futures pricing has decreased from around $93.87/MWh to $78.47/MWh, approximately 16% lower than it was 12 months ago.
Source: ASX Energy.
Why does this matter for businesses?
The important takeaway is that the underlying wholesale market for 2027 electricity is currently more favourable than it was 12 months ago. For a business looking to secure electricity for 2027, this may provide an opportunity to access more competitive contract rates.
Is now the time to review your energy contract?
Wholesale electricity pricing is influenced by a range of factors including electricity demand, weather, generation availability, fuel costs and planned or unplanned outages.
As we move towards summer, periods of hotter weather can also increase electricity demand. When demand increases or available supply becomes tighter, wholesale pricing can become more volatile.
That means the pricing available today may not be the same pricing available in 3 or 6 months.
For businesses with contracts coming up for renewal, reviewing the market earlier gives you more time to understand your options and decide whether it makes sense to secure pricing while current conditions are favourable.
Pricing may fall further, but it could also rise as market conditions change. With 2027 wholesale futures pricing currently around 20% lower on average than it was 12 months ago, now could be a worthwhile time to review the market and see what opportunities are available for your business.
