Spot electricity prices have gone through the stratosphere this summer, particularly in Queensland where average prices have been more than double of renewable energy leader South Australia.
It feels like every other day there’s at least one new article touting blockchain as “the next big thing in energy.” But the blockchain is a bit of an esoteric concept to most of us. So, what is it?
The stark and rapid improvement in the economics of big solar in Australia is due to global declines in component costs, but also importantly declining construction costs and the deployment of yield-boosting technology like tracking.
Origin Energy should consider a bid for NSW network operator Endeavour Energy and/or make a serious push into the Queensland renewable energy market, with the aim of developing Australia’s first large scale “renewables energy on demand” business.
After two disastrous years, investment in large scale renewable energy finally rebounded in Australia in 2016, and actually went against the global trend with a 50 per cent increase.
The Australian rooftop solar market made a strong recovery late in 2016 to slightly beat the 2015 figure, and the early indications look for for the new year.
ESCOSA decision to remove the minimum price for solar exports shows lack of understanding in the South Australian electricity market.
Tesla was the dominant news force in 2016. The other big themes were battery storage, the price falls in wind and solar, the big shift from centralised energy, and politics, politics, politics.
JP Morgan say that with rapid coal generation closure, AGL may be worth more than the market currently thinks. But maybe not.