Electricity market signals chance of energy crisis are reducing, but risks remain, and price unhappiness is rising

The electricity market seems to be picking that last year’s extreme prices will not be repeated, though risks remain.Forsyth Barr analysts cited short-term ASX wholesale prices falling in March as a sign that prices would not rise further.This indicated the measures being taken had eased concerns that continuing dry weather would not result in the sustained extreme high prices last winter.The measures include indications that Methanex had reduced methanol production to its absolute minimum without shutting down entirely, and the gas freed...