Another record for Australian wind power, as gas generation plunges

Wind energy generation on Australia’s National Electricity Market achieved a new record in July, generating 1,067GWh for the month.

The new high, recorded in the latest quarterly report from Green Energy Markets, was mirrored by a new low for gas-fired generation, at 1,487GWh for the month; the lowest monthly level for more than two and a half years.

Screen Shot 2015-08-13 at 11.46.29 am

The report says that average wind energy capacity factor in July increased to 38.7 per cent (for pre 2013 plants) and 39.9 per cent including all wind farms.

Screen Shot 2015-08-13 at 11.46.26 am

The LGC price remained fairly stable over the month, closing out July at $52.00. It traded as high as $54.00 on 5 August.

Screen Shot 2015-08-13 at 11.46.02 am

Green Energy Markets says it expects another 0.7 million LGCs are yet to be created for the 2014 generation year, most of which will be for
baseline hydro generators, mainly from Hydro Tasmania.

Screen Shot 2015-08-13 at 11.45.39 am

The report estimates that 16.6 million LGCs will be created for 2015 generation year.

Screen Shot 2015-08-13 at 11.45.08 am

Comments

2 responses to “Another record for Australian wind power, as gas generation plunges”

  1. Ronald Brakels Avatar
    Ronald Brakels

    Throw in solar production for July and wind plus solar may have beaten gas on electricity production, or at least come close to it, which is pretty impressive.

    1. Alen T Avatar
      Alen T

      Solar generation capacity was higher than gas in Qld the other day, according to the widged from Roam Consulting. Noteworthy event in my opinion.

Get up to 3 quotes from pre-vetted solar (and battery) installers.