Coal fired generation at record low in Australia, as wind generation hits record high of 4.6 per cent. Emissions and costs also fall.
NEM demand and emissions continue their five-year downward trajectory, even summer peak loads were down in every state.
For the first time in two years, electricity emissions in Australia increased as hydro generation fell and coal showed signs of a rebound.
Another study points to the role of solar PV in the recent heat-waves. All peaking power plants were only required for just one hour.
In 2013, electricity emissions continue to fall, the share of coal fell to 74%, and renewables rose to 14.3%.
What is causing lower electricity demand? Break down the reduction in demand and you’ll find price matters.
Black coal generators in NSW and Queensland are running at lower capacity than wind farms due to falling demand as consumers turn to efficient devices.
National electricity demand continues fall – and is down 7% since 2008 – while South Australia maintains its renewables share above 30 per cent.
Rooftop solar is now confirmed as an important driver of change in the Australian electricity market, and is contributing to remarkable fall in peak demand.
A complex combination of the LRET, reduced demand, and the carbon price continue to drive down Australian electricity generation emissions.