Resources
Insights
Australian Energy & Environmental Market Update - March 2026

Australian Energy & Environmental Market Update - March 2026

A monthly snapshot of key developments across electricity and environmental markets, tracking price movements, underlying drivers and policy. signals shaping market conditions.

Updated
April 14, 2026
Published
April 14, 2026
Australian Energy & Environmental Market Update - March 2026

Australian Energy & Environmental Market Update - March 2026

Key market developments in March

  • Wholesale electricity prices softened month‑on‑month as underlying demand across the NEM decreased.
  • Electricity spot prices were subdued, with no market price cap events occurring this month and an 28% increase in negative priced intervals from last month.
  • Flat futures contracts rallied this month across all NEM regions, driven partially by price uncertainty linked to gas supply chain impacts from current geopolitical events.
  • Rotating renewables focus (wind): Wind asset performance declined this month, with a 17% drop in total revenue, underpinned by softer spot outcomes and lower LGC prices.
  • Environmental markets reported mixed outcomes: LGC prices continued to soften, STCs and PRCs remained broadly stable, and VEECs posted a steady increase.
  • ESCs were a standout in environmental markets with prices rallying on tightening supply expectations ahead of the 31 March commercial lighting deadline


Table of Contents

Australian Energy & Environmental Market Update - March 2026

Access this full article and more

Log in or register a free CORE Markets account to get closer to power, environmental and carbon markets with insights and updates from our experts.

Tags

Share this article

Receive more articles like this

You Might Also Like
Interpreting Australia’s offtake market in the most complex phase of the energy transition
Article

Interpreting Australia’s offtake market in the most complex phase of the energy transition

As Q1 2026 market signals diverge, Australia’s renewables and storage offtake market is becoming harder to read. This article explains what pricing, participation and financial close outcomes reveal about current market conditions for developers, investors and buyers.

What the new SFM methods change for ACCU timing, transfers and market expectations
Article

What the new SFM methods change for ACCU timing, transfers and market expectations

As the new 2026 Savanna Fire Management (SFM) methods commence, attention is turning to the pathway from method potential to realised supply. This article explains the features and constraints most likely to shape that pathway.

Australian Energy & Environmental Market Update - March 2026
Market Update

Australian Energy & Environmental Market Update - March 2026

A monthly snapshot of key developments across electricity and environmental markets, tracking price movements, underlying drivers and policy. signals shaping market conditions.