Energy Action Price Index - Monitor and compare business electricity rates


In the Australian energy market, the forward price of electricity for medium to large users fluctuates from day-to-day. Energy Action’s Price Index (Business) (EAPI) provides clarity to the market encompassing pricing from energy retailers via the Australian Energy Exchange (AEX).

EAPI represents the average commodity price of retail electricity paid by Australian businesses based on a Standard Retail Contract (commences in 6-months and operates for 2½ years). EAPI is created from the lowest cost offers submitted by retailers via the AEX and reflects the cost of commodity electricity to commercial and industrial customers.

For more information about the Energy Action Price Index, read our Frequently Asked Questions (FAQs).

Energy Action has redefined the EAPI for South Australia. From 1st July 2018 onwards the Standard Retail Contract for South Australia will has been recalculated for 30 months duration commencing in 6 months’ time. This puts the calculation of the South Australian EAPI on the same basis as those for NSW, Victoria and Queensland which remain unchanged. For further information on this change please read our Frequently Asked Questions (FAQs).


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Commentary for June & July 2020 


  • The market is forward looking and continues to swing between optimism of easing social distancing and pessimism of further lockdown due to community transmission of COVID-19. At this stage, it remains unclear how far the market may drop further given that the current levels are already below the cost of generation in some states.
  • Solar outputs are reduced due to the weather conditions and seasonal variations. There remains limited growth in renewable generation projects compare to the past 18 months. At current market pricing, lower LGC prices, credit risk and demand uncertainty, fewer new projects are expected to be introduced.
  • With an increase in the supply of contract electricity (both market related and regulatory related) and an increase in the supply of wholesale contract load from the generation sector, there is limited potential for prices to increase significantly over the coming quarter. However, with prices are at or below the cost of generation, therefore it is unlikely that prices drop significantly lower.