The Australian Energy Market Operator has outlined four key action points to accelerate the transition from fossil fuels to 100 % renewable energy, emphasising instantaneous …
4,200 MW of coal power could extend into the next decade as power supply concerns grow
4,200 MW of coal power could extend into the next decade as concerns grow that the state could spiral into an electricity supply and price …
Australia’s pace of investment in renewable energy is too slow
The slow pace of investment in renewable energy to replace retiring coal power plants poses challenges to achieving the country’s emissions targets and causing price …
Power Factor: Understanding its Importance in Energy Efficiency
Power factor is a measure of how efficiently electrical power is being used in a system. It is the ratio of the power that is …
What’s the difference between electricity spot market and futures market rates?
Electricity spot prices reflect the current market cost determined by supply and demand, whereas electricity futures prices predict the cost of electricity at a future …
$100 billion investment is needed to decarbonise Australia’s energy grid
$100 billion must be invested in renewable energy infrastructure to meet 2050 net-zero targets and decarbonise Australia’s electricity grid Research by Deloitte Access Economics shows …
Callide C 3 return to service pushed back to February 2023
The Queensland coal-fired Callide C power plant is now completely offline after the structural failure of a cooling plant put the 466 MW C3 Unit …
New 95 percent Victoria renewable energy target with a reboot of State Electricity Commission
A Victoria renewable energy target of 95 percent by 2035 and between 75 and 80 percent emissions reduction, has been set by the Labor Party …
Queensland renewable energy target set at 80% by 2035 with millions to be invested in Green hubs
The state government has set a Queensland renewable energy target of 80 percent by 2035 with 22 GW of new wind and commercial solar, 11.5 …
What are the factors that drive high energy prices and market instability?
In June and July 2022, various events contributed to extremely high energy prices and market instability that resulted in the suspension of trading and price …