{"id":22125,"date":"2023-11-10T12:12:00","date_gmt":"2023-11-10T02:12:00","guid":{"rendered":"https:\/\/www.originenergy.com.au\/blog\/?p=22125"},"modified":"2024-10-01T13:45:34","modified_gmt":"2024-10-01T03:45:34","slug":"origin-zero-quarterly-market-report-q1-fy24","status":"publish","type":"post","link":"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/","title":{"rendered":"Origin Zero Quarterly Market Report Q1&nbsp;FY24"},"content":{"rendered":"\n<p>\u202fOur Quarterly Market Report shares energy trends, key market events that can impact energy prices and supply, and highlights news and insights from our team. We strive to provide energy solutions that are secure, reliable, and affordable, while also playing a role in reducing emissions. Here are our industry trends and energy market reports for the period of 1 July \u2013 30 September 2023.<\/p>\n\n\n\n<div class=\"wp-block-pb-accordion-item c-accordion__item js-accordion-item no-js\"><h2 id=\"at-221251\" class=\"c-accordion__title js-accordion-controller\" role=\"button\">Contents<\/h2><div id=\"ac-221251\" class=\"c-accordion__content\">\n<p>1. <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=Origin%20Zero-,Our%20insights,-Electricity%20and%20Gas\">Our insights<\/a><br>2. <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=Jun%2D22%20quarter.-,Fuel%20your%20knowledge,-Flexible%20EV%20subscription\">Fuel your knowledge<\/a><br>3. <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=options%20for%20business-,Customer%20stories,-Inghams\">Customer stories<\/a><br>4. <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=at%20Baptist%20Care-,Origin%20news,-Connecting%20with%20customers\">Origin news<\/a><br>4.1 <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=partnership%20and%20collaboration.-,Consortium%20significantly%20increases%20cash%20consideration,-Consortium%20significantly%20increases\">Consortium significantly increases cash consideration<\/a><br>4.2 <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=Origin%20receives%20%2445%20million%20to%20progress%20Hunter%20Valley%20Hydrogen%20Hub\">Origin receives $45 million to progress Hunter Valley Hydrogen Hub<\/a><br>4.3 <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=Full%20Year%20Results%202023\">Full Year Results 2023<\/a><br>5. <a href=\"https:\/\/www.originenergy.com.au\/blog\/origin-zero-quarterly-market-report-q1-fy24\/#:~:text=30%20June%202023.-,Energy%20market%20reports,-Aemo%20Engineering%20Roadmap\">Energy market reports<\/a><br><\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Our insights<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Electricity and Gas Markets<\/h3>\n\n\n\n<p>Average NEM spot electricity price for Sep-23 quarter was $72\/MWh:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$46\/MWh lower than Jun-23 quarter, reflecting lower demand due to milder seasonal temperatures, higher solar generation and increased baseload availability.<\/li>\n\n\n\n<li>$147\/MWh lower than Sep-22 quarter which experienced periods of high prices due to baseload outages and high international coal and gas prices.<\/li>\n<\/ul>\n\n\n\n<p>Average domestic spot gas price for Sep-23 quarter was $10\/GJ:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$4\/GJ lower than Jun-23 quarter due to lower seasonal residential demand<\/li>\n\n\n\n<li>$16\/GJ lower than Sep-22 quarter when prices were volatile post the unprecedented market conditions in Jun-22 quarter.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"272\" src=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/250\/Q1-Report-Graph-1024x272.png\" alt=\"\" class=\"wp-image-22130\" srcset=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/250\/Q1-Report-Graph-1024x272.png 1024w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/250\/Q1-Report-Graph-300x80.png 300w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/250\/Q1-Report-Graph-150x40.png 150w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/250\/Q1-Report-Graph-768x204.png 768w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/250\/Q1-Report-Graph.png 1148w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Fuel your knowledge<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Flexible EV subscription for businesses<\/h3>\n\n\n\n<p>The <a href=\"https:\/\/www.originenergy.com.au\/electric-vehicles\/enterprise\/\">Origin 360 EV<\/a> team has launched the <a href=\"https:\/\/www.originenergy.com.au\/electric-vehicles\/business\/flex-plan\/\">EV Flex Plan<\/a>, an all-inclusive and cost-effective electric vehicle business subscription plan. The EV Flex Plan provides flexible terms, allowing businesses to choose between a monthly subscription or fixed-term options with lower repayments, making it easier to budget and control vehicle costs. <\/p>\n\n\n\n<p>The all-inclusive plan includes:<\/p>\n\n\n\n<p>\u2022 Registration<br>\u2022 Comprehensive insurance<br>\u2022 Routine servicing and maintenance<br>\u2022 Mobile EV charger cable<br>\u2022 Up to 25,000km mileage per annum<br>\u2022 Tyre replacement for wear and tear<br>\u2022 24\/7 roadside assistance<br>\u2022 Accident management<br>\u2022 Toll management<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/282\/Q1-360EV-Report-Image-1.jpg\" alt=\"\" class=\"wp-image-22138\" srcset=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/282\/Q1-360EV-Report-Image-1.jpg 768w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/282\/Q1-360EV-Report-Image-1-300x200.jpg 300w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/282\/Q1-360EV-Report-Image-1-150x100.jpg 150w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.originenergy.com.au\/electric-vehicles\/business\/flex-plan\/?cid=tp:fl:OZQMRN23:0211\">Find out more about our EV options for business<\/a><\/figcaption><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Customer stories<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Inghams<\/h3>\n\n\n\n<p>We\u2019re working with Inghams to trial a Tesla Model 3 in their fleet and develop site-specific renewable energy solutions to help them meet their 2030 targets.&nbsp;<\/p>\n\n\n\n<p>In the early stages of this collaboration, the <a href=\"https:\/\/www.originenergy.com.au\/enterprise\/\">Origin Zero<\/a> team has already provided Inghams with the keys to their first electric vehicle, with hopes it will be the first of many to be added to its fleet.\u00a0<\/p>\n\n\n\n<p>The car has been assigned to a member of Inghams\u2019 sales team who travels more than 50,000 kilometres a year to visit customers throughout New South Wales, representing a start toward reducing their business carbon emissions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Baptist Care<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.originenergy.com.au\/enterprise-news\/customer-story\/empowering-energy-efficiency-and-savings-baptistcare-x-origin-zero\/\">Baptist Care<\/a> is a leading not-for-profit aged care and community service provider, committed to improving the lives of people and communities in need. With a focus on energy efficiency, they are eager to reduce their energy costs while simultaneously making progress towards their net zero goals.<\/p>\n\n\n\n<p><strong>Real-time energy insights for smarter energy management<\/strong><\/p>\n\n\n\n<p>This has all been achieved through a tailored solution developed for <a href=\"https:\/\/www.originenergy.com.au\/enterprise-news\/customer-story\/empowering-energy-efficiency-and-savings-baptistcare-x-origin-zero\/\">Baptist Care<\/a> that included the installation of six energy meters. This equipment is connected to various circuits across the Yarra Rossa site, measuring 12 three-phase circuits, including assets such as their pool, kitchen and solar.<\/p>\n\n\n\n<p>By working with <a href=\"https:\/\/www.originenergy.com.au\/enterprise\/\">Origin Zero<\/a> and investing in energy management solutions, Baptist Care is helping empower their residents with greater insights about their energy use and making progress towards the organisations\u2019 2050 net zero goals.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"604\" height=\"300\" src=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/106\/Baptist-Care-Energy-Insights-Origin-Zero-Blog.png\" alt=\"\" class=\"wp-image-22144\" srcset=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/106\/Baptist-Care-Energy-Insights-Origin-Zero-Blog.png 604w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/106\/Baptist-Care-Energy-Insights-Origin-Zero-Blog-300x149.png 300w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/106\/Baptist-Care-Energy-Insights-Origin-Zero-Blog-150x75.png 150w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><figcaption class=\"wp-element-caption\">Greater energy insights are helping to empower residents at Baptist Care<\/figcaption><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Origin news<\/h2>\n\n\n\n<figure class=\"wp-block-image alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"343\" height=\"480\" src=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/54\/Q1-Origin-Zero-Report-Connecting-with-customers.png\" alt=\"\" class=\"wp-image-22152\" style=\"width:317px;height:auto\" srcset=\"https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/54\/Q1-Origin-Zero-Report-Connecting-with-customers.png 343w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/54\/Q1-Origin-Zero-Report-Connecting-with-customers-214x300.png 214w, https:\/\/www.originenergy.com.au\/blog\/wp-content\/uploads\/54\/Q1-Origin-Zero-Report-Connecting-with-customers-107x150.png 107w\" sizes=\"auto, (max-width: 343px) 100vw, 343px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Connecting with customers and industry partners<\/h3>\n\n\n\n<p>Throughout the last quarter, the <a href=\"https:\/\/www.originenergy.com.au\/enterprise\/\">Origin Zero<\/a> team participated in key industry events, including Sydney\u2019s Industrial Net Zero Conference and Melbourne\u2019s All Energy where we met with customers and industry partners and presented insights on the importance of energy providers and businesses collaborating to reduce energy consumption and meet environmental targets and responsibilities.\u00a0<\/p>\n\n\n\n<p>The event provided an opportunity for valuable conversations with customers and industry professionals about the latest innovations in renewable technologies, including lower-carbon products that Origin can provide, and the potential for partnership and collaboration.<\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/consortium-significantly-increases-cash-consideration-to-best-and-final-proposal-of-9-531-per-share\/\">Consortium significantly increases cash consideration<\/a><\/h3>\n\n\n\n<p>Consortium <a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/consortium-significantly-increases-cash-consideration-to-best-and-final-proposal-of-9-531-per-share\/\">significantly increases cash consideration<\/a> to best and final proposal of $9.53 per share. Revised offer <a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/consortium-significantly-increases-cash-consideration-to-best-and-final-proposal-of-9-531-per-share\/\">above Independent Expert\u2019s valuation<\/a>.<\/p>\n\n\n\n<p>Origin Energy Limited (Origin) advises that the Brookfield-led consortium of investors and EIG has increased the cash consideration offered to all Origin shareholders under the Scheme of Arrangement (the Scheme) by a total of 69 cents per share<a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/consortium-significantly-increases-cash-consideration-to-best-and-final-proposal-of-9-531-per-share\/#_ftn1\"><sup>1<\/sup><\/a>, or approximately $1,200 million.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/origin-receives-45-million-to-progress-hunter-valley-hydrogen-hub\/\">Origin receives $45 million to progress Hunter Valley Hydrogen Hub<\/a><\/h3>\n\n\n\n<p>Origin has been <a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/origin-receives-45-million-to-progress-hunter-valley-hydrogen-hub\/\">awarded $45 million in funding<\/a> from the NSW Government\u2019s hydrogen hubs initiative to progress the proposed Hunter Valley Hydrogen Hub on Kooragang Island. \u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.originenergy.com.au\/about\/investors-media\/full-year-results-2023\/\">Full year Results 2023<\/a><\/h3>\n\n\n\n<p>Origin Energy Limited (Origin) announced its results for the Full-year ended 30 June 2023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Energy market reports<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/aemo.com.au\/-\/media\/files\/initiatives\/engineering-framework\/2023\/nem-engineering-roadmap-fy2024--priority-actions.pdf?la=en&amp;hash=DED803FB758F555EE934A898367E66C6\" rel=\"nofollow noopener\" target=\"_blank\">Aemo Engineering Roadmap \u2013&nbsp;FY2024 Priority Actions Report<\/a><\/h3>\n\n\n\n<p>The Engineering Roadmap \u2013 FY2024 Priority Actions report published in July 2023:<br><br>\u2022 Outlines the activities AEMO plans to undertake in the 2023\u201324 financial year (FY2024) to help prepare the National Electricity Market (NEM) for operation at times of 100 percent instantaneous renewables.<br>\u2022 Summarises the extensive progress made in FY2023 by AEMO and across industry to increase preparedness for 100% instantaneous renewables.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.cleanenergycouncil.org.au\/resources\/resources-hub\/renewable-projects-quarterly-report-q1-2023\" rel=\"nofollow noopener\" target=\"_blank\">Renewable Projects Quarterly Report Q1 2023<\/a><\/h3>\n\n\n\n<p>The Renewable Projects Quarterly Report details recent investment in renewable generation and storage projects in Australia and shows trends since 2017.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.originenergy.com.au\/enterprise\/get-in-touch-large-business\/\">Get in touch our Origin Zero team<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Origin Zero&#8217;s industry trends and energy market reports for the period of 1 July \u2013 30 September&nbsp;2023.<\/p>\n","protected":false},"featured_media":22147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139],"tags":[36,169],"oe_author":[],"class_list":["post-22125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-large-business","tag-origin-zero"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/posts\/22125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/comments?post=22125"}],"version-history":[{"count":0,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/posts\/22125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/media\/22147"}],"wp:attachment":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/media?parent=22125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/categories?post=22125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/tags?post=22125"},{"taxonomy":"oe_author","embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/oe_author?post=22125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}