Australia’s electricity market will be dominated by more rooftop solar, growing amounts of large scale wind and solar, and storage.
The highs and lows of Australia’s increasingly variable energy market
Markets
No “big bang” as ESB confirms rethink on CoalKeeper design
National Cabinet approves ESB’s suite of reforms for the NEM, but promises more work on capacity mechanism, including low-emissions focus.
Households willing to switch off appliances during heatwaves, survey finds
New data finds 74% Australian households willing to reduce energy use “as much as possible” to relieve stress on the grid – and most would do it for no reward.
“Huge milestone” as AEMO switches on demand response in major market reform
The long-awaited Wholesale Demand Response Mechanism kicked in this week, in one of the market’s most significant reforms.
Rooftop solar sends Victorian power prices to zero every day for two months
AEMO’s latest quarterly energy report highlights more negative pricing events, and an average daytime price in Victoria of zero over two months.
Australia’s carbon credits leap above $33 a tonne in new surge
Buying from investors, intermediaries and corporates have caused the price of carbon credits in Australia to double in the past 12 months.
Australian battery hopeful targets “surging” UK and EV markets, with London IPO
Gelion, whose non-flow zinc-bromide battery technology was spun out of the University of Sydney, is gearing up to become a publicly traded company – but not in Australia.
Victoria seeks to “de-risk” corporate PPAs, reduce barriers
Andrews government launches consultation into whether an online platform could remove some barriers to PPAs and bring businesses and renewable developers together.
Carbon spot price surges to nearly $30/tonne as demand grows for direct contracts
The spot price for Australian Carbon Credit Units (ACCUs) leaped another 13% to a new record high and just short of $30/tonne.
Renewable energy market report: Lockdowns, bottlenecks and voluntary demand
Shortfall strategies and voluntary demand are having an interesting impact on the LGC market, while lockdowns impacted PV installations and STCs.
