Good question. The ‘spot price’ of electricity is the wholesale price of power, or the cost of buying it directly from the wholesale market. Spot prices don’t sit still for long, changing every half hour and shifting up or down depending on market influences. They move through four different stages (crikey!) before we know the final price.
Articles in this section
- Do all retailers buy electricity on the spot market?
- Who sells electricity into the wholesale market?
- Are spot prices different around the country?
- Does Flick make any profit from my power bill when prices spike?
- What’s a price spike - and do I need to be worried about them?
- What’s an ‘average’ spot price?
- Are there any trends with how spot prices move?
- Why do spot prices change?
- What’s spot pricing?