Live NEM Spot Energy Prices by State.
Track real-time energy prices across the National Electricity Market (NEM). View state-specific spot price trends and graphs to understand market fluctuations and make informed energy decisions with Jousto.
Why Spot Energy Prices Matter for Jousto Users
Wholesale energy spot prices are the backbone of the Jousto system, offering users unmatched control and savings.
By monitoring real-time fluctuations, Jousto automates your energy usage to take full advantage of low or even negative prices.
This gives you the freedom to optimize energy costs without sacrificing convenience, whether you’re at home or managing a business.
With Jousto, you’re always one step ahead of market spikes, enjoying reliable automation and substantial savings.
Maximise Savings: Automate devices to run during low-price or negative-price periods for significant cost reductions.
Avoid Peak Pain: Jousto protects you from market spikes by shifting loads and managing energy intelligently.
Enjoy Flexibility: Adapt energy usage effortlessly, giving you more control over your bills and lifestyle.
FAQ - Wholesale Energy & the NEM Spot Price.
Question 1: Are wholesale energy prices rising or falling?
Wholesale energy prices fluctuate throughout the day based on supply and demand. With increased renewable energy, prices are often falling during peak solar and wind production, even going negative at times. However, prices can spike during high demand or low supply periods.
Question 2: How do wholesale energy markets work?
Wholesale energy markets operate as exchanges where electricity is bought and sold in real-time. Generators bid to supply electricity, and prices are determined based on demand and supply dynamics. In Australia’s NEM, prices are updated every 5 minutes, creating opportunities for users to save by adjusting consumption.
Question 3: What are wholesale energy prices?
Wholesale energy prices are the rates paid by energy retailers to purchase electricity from the market. These prices vary in real-time and can be significantly lower than fixed retail rates but are subject to occasional spikes.
Question 4: What are the risks of being with a retailer that gives access to the wholesale spot market?
The main risk is exposure to price spikes, which occur during high demand or constrained supply. With Jousto, this risk is mitigated by automating energy usage to avoid peak pricing, ensuring users save money while minimizing potential costs.
Question 5: How does automating devices help users on the spot market?
Automation allows devices like air conditioners, hot water systems, and pool pumps to operate during low or negative price periods, maximising savings. Jousto also turns off non-essential devices during price spikes, reducing exposure to high costs.
Question 6: What is the sun tax, and how does it help apartment dwellers and renters?
The "sun tax" refers to periods when wholesale prices go negative due to an oversupply of solar energy. Jousto enables renters and apartment dwellers to capitalise on these periods by automating devices to run when energy is effectively free or even profitable to use.
Question 7: Can renters and apartment dwellers benefit from the spot market?
Absolutely! Jousto’s smart automation solutions don’t require solar panels or home batteries, making it accessible for renters and apartment dwellers to optimise energy use during low or negative price periods.
Question 8: Why do wholesale energy prices go negative?
Negative prices occur when electricity supply exceeds demand, often due to abundant renewable energy generation. During these periods, generators pay to supply power, creating an opportunity for users to consume energy at no cost—or even get paid for usage.
Question 9: How does Jousto protect users during price spikes?
Jousto automates energy management to turn off non-essential devices and shift loads to backup systems like UPS or portable batteries, helping users avoid the high costs associated with wholesale price spikes.
Question 10: How can small businesses benefit from wholesale energy prices?
Small businesses operating during daylight hours can take full advantage of low or negative prices driven by solar energy. Jousto automates device usage to optimise energy costs, providing businesses with a competitive edge in managing expenses.
