Distributors encouraged to invest in demand management technology in $1 billion scheme

demand management
December 17, 2017

The Australian Energy Regulator has launched a new $1 billion demand management technology incentive scheme, aimed at reducing the strain on the grid and driving down prices. The AER wants electricity distributors to invest in demand management rather than pumping billions into expensive poles, wires and substation upgrades which have sent bills around Australia skyrocketing. Demand management technology will allow…

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Gas prices on the East Coast still far too high despite increased supply – watchdog

Gas prices
December 15, 2017

Gas prices for industrial buyers on the East Coast market remain much higher than they should be despite increased supply from Queensland LNG, the competition watchdog has found. The Australian Competition and Consumer Commission (ACCC) said that the gas market remains “extremely challenging and is not functioning properly”. The gas market remains under the scrutiny of the ACCC for the…

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Generator bidding averts energy shortfalls in South Australia and Victoria

December 12, 2017

The Australian Energy Market Operator’s Summer Readiness Plan was tested for a second time this week and did its job as generator bidding addressed potential shortfalls in energy supply. AEMO forecast potential energy shortfalls due to the heatwave temperatures of 36-38 degrees Celsius which are affecting the South Australia and Victoria. Two weeks ago, the plan was also put into…

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AGL will close coal-fired Liddell plant in 2022 and replace it with gas, solar, batteries and possibly hydro

Liddell
December 11, 2017

AGL Energy has rejected a plea by the Federal Government to keep its Liddell coal-fired power station in New South Wales open beyond 2022. It will make up for the shortfall by investing in gas, solar, batteries and possibly hydro. Prime Minister Malcolm Turnbull had asked AGL Chief Andy Vesey to extend the power plant’s lifespan in a meeting in September….

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Rising coal prices and Hazelwood closure to blame for sustained high wholesale electricity prices in New South Wales

coal prices
December 7, 2017

The Australian Energy Regulator (AER) has found that rising coal prices, the closure of Hazelwood and limited supply is causing high sustained wholesale electricity prices in New South Wales. Average monthly energy prices have doubled in New South Wales in the past 12 months but the AER, which was tasked to compile a report on the situation by Federal Energy…

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What is demand response?

demand response
December 6, 2017

Demand response has become a buzzword in the energy industry and one of its strongest advocates is Australian Energy Market Operator (AEMO) chief Audrey Zibelman, who registered success with the concept in New York. But what is demand response? Quite simply put, demand response is the throttling back of energy consumption by energy users at times of peak demand or…

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Electricity rates update: November 2017

Electricity rates
December 5, 2017

Electricity rates: Futures prices dropped slightly in all states under review in November apart from South Australia. The biggest drop was experienced in Queensland with 2%, followed by Victoria and New South Wales with 0.4%. South Australia experienced a jump of 1.4%. The average drop in futures prices across the board was of 0.35%. Prices are still up by between…

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Tesla battery supplies power one day ahead of schedule

Tesla battery
December 2, 2017

South Australia’s giant Tesla battery was switched on a day ahead of schedule on November 30, just in time to supply 59 MW of backup power to the state as temperatures and peak demand soared. Typical of South Australia’s volatile summer weather, the battery was called into action again on the first day of summer, December 1. This time, it…

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