Business Electricity Price Trends and 2027 Futures Market Outlook
Published October 1, 2026
Presently there is much lower futures pricing in New South Wales, Victoria, Queensland and South Australia for the year 2027 when compared to the futures pricing that existed last year at this time. Prices have lowered by approximately 20% in all four locations mentioned above. The change in futures pricing in the wholesale market may be an excellent time for companies to consider reviewing their power contract prices.
New South Wales
2027 futures base pricing in NSW has dropped from approximately $115.44/MWh in September 2025 to $85.30/MWh at the present, a drop of approximately 26%.
Victoria
2027 futures pricing in Victoria has declined from approximately $74.81/MWh to $63.13/MWh, a drop of approximately 16% over the past 12 months.
Queensland
A considerable drop in futures pricing has been experienced in Queensland where 2027 futures pricing has dropped from approximately $97.12/MWh to $76.08/MWh, a drop of 22%.
South Australia
In South Australia, 2027 futures pricing has dropped from approximately $93.87/MWh to $78.47/MWh, a drop of approximately 16%.
What’s the significance of this for businesses?
What’s really critical to note here is that the underlying wholesale market for electricity in 2027 is currently more favorable compared to how it looked last year at this time. That’s great news for any business looking to secure electricity for 2027, as it could give you the chance to secure yourself better contracts.
Are the conditions right to review your energy contract?
There are numerous factors that contribute to the prices of wholesale electricity, ranging from electricity demand, weather, generation capacity, fuel prices, and even planned/unplanned outages.
As the season changes into summer, there could be periods where hot weather causes increased electricity demand. With more demand or lower supply, prices of wholesale electricity can become more volatile.
That’s because the prices you get today will be different from the ones you get in 3 or 6 months’ time.
If your contract is about to expire, this would be the best time to review the market and see your options.
Prices could go down even more, although they could equally go up depending on how the market moves. Considering that prices for futures in 2027 are currently 20% below where they were just one year ago, this might be an appropriate time to consider the options in the market.
Keep up with the latest business electricity price trends with Utility Market and explore your options for future energy contracts.
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