New study says huge rise in rooftop solar is inevitable. In WA, that will mean no role for fossil fuels in the middle of the day, so utility-scale storage will be crucial, and will lower system costs from business as usual.
NSW networks want to charge 50% per cent more over the next 5 years than the regulator thinks is reasonable. The networks, it says, are still not taking into account lower peak demand, lower cost of capital, and potential efficiencies.
The plan by Senate cross-benchers to nobble the renewable energy target, and hand out $14 billion in subsidies to hydro plants built decades ago, is patently absurd. The big worry is that it is not far off what the Coalition proposes, and a deal to kill renewables may not be hard to obtain.
Citigroup says China-US climate deal will slash $4.5 trillion from revenues of coal, oil industries. It also downplays CCS, warns thermal coal in decline, suggests energy poverty will be solved with “anything but coal”, and says carbon price in Australia is inevitable.
Push by utilities to slash tariff for solar, and to increase fixed charges, is going to accelerate grid defection rather than stop it. New study recommends new tariffs that could encourage solar and storage by putting a proper value on their network benefits.
Tony Abbott is trying to reduce the global energy debate to a competition between “goodies and baddies.” Coal is good, he says, and in Abbott’s world black clearly trumps green. But he is backing the wrong team.
Networks push case for tariff changes, arguing that houses with rooftop solar getting generous “cross subsidies” from non solar users, and suggesting that cost of going off-grid is more than 5 times the cost of staying. But what if they are wrong?
UN takes aim at Australia for veering off carbon targets after dumping carbon price. Meanwhile, it releases updated global carbon budget, as more research suggests that Australia will head for $100 billion carbon hole if it is to use Direct Action to match international efforts.
It’s the big question facing energy utilities around the world: How quickly will rooftop solar and battery storage change the nature of the energy market, and how long can those that currently dominate the market hold on to the their incumbent business models?
Australia’s largest power generator has named Andrew Vesey as its new MD and CEO – a US energy industry veteran with significant experience in emerging technologies, who will help AGL to navigate the evolution of a new energy business model.
G20 underlines how complete climate change denial is within the Abbott government. If not for the science, then at least for the political and economic implications. This is quite possibly the most incompetent government in Australia’s history.