• The 2025 Gas Market Review was released in December. We look at some of the pertinent statements, including a departmental recommendation for a Domestic Gas Reservation Scheme, contained within this lengthy report.
• We also analyse the relative economic incentives between Producers, Retailers, Importers and Exporters. This analysis links in with the Gas Market Review as there is an agency risk for lower energy prices (i.e. those who want lower prices have limited active agents).

• During a three-week period between late November and mid December 2025, the price for $300/MWh Caps traded on the ASX futures market fell sharply; we take a deep dive into the historical pricing, current conditions and market changes contributing to this movement.

• Following on from Edge Report #241, we extend our analysis on $300/MWh Cap contract markets, and incorporate battery capture valuations into our analysis.

• Considering the recent events in the Middle East, this edition focuses on the Strait of Hormuz. Why is it important? How have Brent, JKM and Coal been affected by these events? And what is their relationship with electricity, petrol and gas prices?

• This Edge investigates the flooding rain that has inundated Central Australia, including…
  – A review of the catchment maps, rainfall and river conditions for across a set two week period in March 2025 and March 2026
  – Impacts on Moomba Gas Plant between April to October 2025.

• Cyclone Narelle: Its journey across northern Australia and the impact it has had on the LNG facilities in its path.
• Is 2026 a repeat of 2022? We look at the geopolitical conditions of both periods, and the affects on crude oil, LNG and brent market movements, European gas storage and import changes, and the resultant changes in the domestic market.

CATEGORY: Consultancy and Advisory

TAGS: Electricity Forward, Electricity Spot, Gas, LNG, Renewables, The Edge

MARCH 2026