The problem with a rapidly changing electricity system, is sometimes it changes so fast that by the time you have installed a technical solution, it is already redundant. That may be the case with $180 million worth of large spinning machines which are just about to come on line in the live experiment that is …
Can you be made redundant before you’ve started work? Read More »
HumeLink is the latest in the series of major transmission projects to come out of AEMO’s Integrated System Plan (ISP). It is shaping up to be a set of transmission lines linking Bannaby, Maragle and Wagga Wagga in southern NSW. Its key role is to allow the transfer of energy from Snowy 2.0 to NSW …
The carbon price in Europe is soaring, currently approaching AUD$100 a tonne. That’s while the European economy is forging out of its COVID-19 recession with the EU’s economy predicted to grow by around 4.8 per cent in 2021 and more of the same in 2022. Pricing emissions doesn’t appear to be holding the European economy …
High EU carbon prices: does ambition exceed reality? Read More »
The Clean Energy Investor Group (CEIG) represents institutional investors with a combined generation portfolio of 11GW across more than 70 power stations. The NEM is going to need plenty of investment over the next few decades, so when investors speak up, governments tend to listen. The CEIG has spoken – it has set out its …
In the world of electricity market nerds the Ford vs Holden debate of the past decade has been about how you pay for the electricity generated. This has come down to two different models: energy-only market design and capacity markets. Energy-only markets are for the purists: they pay generators only for the electricity they dispatch …
In May the International Energy Agency released a roadmap to net zero emissions by 2050 for the global energy sector. It is, by any measure, a massive undertaking to forecast or plan energy market trends five years into the future, let alone 30 years. A zero emissions roadmap by 2050 is, by necessity, filled with …
The global inequity of corporate climate activism Read More »
Federal Budget’s aren’t supposed to include energy. Energy policy is the responsibility of the states, while Canberra has jurisdiction for setting climate policy to deliver Australia’s commitments to international deals, like the Kyoto Protocol and the Paris Agreement. So when energy gets $1.8 billion in a Federal budget, that’s political. It means the Government wants …
With great fanfare the Victorian government has launched its Climate Change Strategy, a year later than required by legislation (the government granted itself a sick-note as a result of the COVID-19 pandemic last year). The strategy confirmed Victoria’s interim targets for 2025 (28-33 per cent below 2005 levels) and 2030 (45-50 per cent) on the …
The cutting edge: Victoria’s emissions reduction strategy Read More »
The Morrison government has announced another of its signature energy deal packages with a Coalition-run state, this time South Australia. Following on from last year’s NSW deal, the package is a similar mix of funding announcements for electricity infrastructure, hydrogen pilots and aspirational gas production targets. The so-called Energy and Emissions Reduction Agreement is worth …
