Australia’s energy market is in a holding pattern while we wait for court decisions, the full Finkel Report, policy announcements, auction process developments and legislation to set the path forward.
Category: Energy Markets
Deutsch Bank becomes latest to revise up its near-term global solar forecast, off the back of further reduction in costs and a potential post-Trump “gold rush” in the US market.
Australia’s Macquarie Group wins bid to buy Britain’s Green Investment Bank, handing it more than $A6.8bn of green infrastructure assets and projects.
For utilities to have a chance at succeeding at the “brown to green” transition, a well thought out and highly flexible strategy will be fundamental.
Just how long can the Australian government and gas industry continue the charade that there might be a solution to surging domestic gas prices? It beggars belief that business is not following lead of households and smaller commercial users and investing in cheap and cleaner alternatives for power and heat.
As centralised and distributed energy markets continue to diverge, can the curse of capital allocation be managed in a way that creates value (or at least minimises loss) for shareholders?
Competitive auctions are causing developers to drop their expectations for government subsidies for off-shore wind projects.
Australian electricity prices have soared and emissions are still the highest in the developed world (behind Estonia). The way to get out of this mess might be energy auctions, if extending RET or carbon pricing are not options.
PM lambasted for “sucking up” to Adani during India visit, and putting coal exports ahead of the Great Barrier Reef.
New data shows that for a couple of hours on Sunday, wind and solar were about 15/16 of South Australian demand and something like 70% of the total over the day.
Wind & solar PV will likely meet at least 15% of NEM demand by 2019. Even more remarkably,wind and solar could account for 64% of demand in South Australia – an unparalleled percentage.