Update AEMO monthly electricity prices Govt seems unaware

I thought it was time I updated my near decade long time series chart of eastern states average monthly electricity prices from AEMO. I have not been paying much attention to power prices lately but had a general impression Govt. was gloating that prices were low. I have annotated my 9.2 year chart with data added to 15Mar22 For full size chart.

My impression from TV news was that the Fed Govt. was pleased prices were still low. This impression is confirmed by the latest media from Energy Minister Angus Taylor which relies on an ACCC report to say “The ACCC’s latest report shows electricity costs for households are now at their lowest levels in eight years.” Prices have firmed since the ACCC report “Household electricity bills increased in 2020 but are now expected to fall 24June 2021” I wonder if the economy is improving and increasing power demand after the worst of the Covid power demand depression. Time will tell.