November 2019

13 Nov Could Hydrogen be the next ‘Green’ initiative?

Much of the gas industry is looking towards hydrogen as the solution to de-carbonising heating demand in Australia and across the world. This was given further support at the end of September when the COAG panel shared their ambitions for hydrogen.  The hydrogen gas solution acts like traditional gas in many ways, however there are potential flaws to trying to introduce this into existing infrastructure at any high blend percentages. The leakage rate is higher, embrittlement is a big problem on traditional pipes and to replace pipelines to more suitable plastic pipelines would be a huge undertaking both logistically and financially.  So, are there any other alternatives which could be considered but...

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13 Nov STATE OF THE ELECTRICITY MARKET – WINTER MARKET OVERVIEW

Electricity spot prices in Q319 (July to September) were relatively in line with Q3 2017 and 2018, however much higher than prices seen from 2014 to 2016 inclusive. Although, Q319 prices were softer than any other quarter for the year (2019) in majority of the NEM regions. The past three months have seen multiple negative price events in SA and QLD due to mild demand, constrained interconnectors and strong renewable generation volumes in solar (rooftop PV and large scale) and wind. SA’s Q319 price is on a downward trajectory from the massive jump-up it experienced in 2016, taking with it NSW and QLD which both had lower Q319’s in comparison to...

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13 Nov Are the physics of MLF elementary ?

At the end of September AEMO announced that it was pushing back its draft Marginal Loss Factor (MLF) determination around rule changes put forward by Adani Renewables to November.  Now don’t turn off, Marginal Loss Factors are not the new Dan Brown or Stephen King novel, but they are a hot topic of the NEM at the moment and ultimately will affect the cost of the electricity we all buy.  So what are they and why are they important? What is an Marginal Loss Factor? Think of a block of flats and you need to fill a bath on the 1st and 10th floors. However, to do that you need to climb up...

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13 Nov Predicted Shortfall of LGCs for 2019

LGC’s remain relatively elevated at ~$50/certificate. Volumes are being traded whilst liquidity is still being indicated as reasoning for increased prices for CAL19 certificates market. The Clean Energy Regulator came out on Thursday 31 October and announced based on forecasts and certificates created thus far this year, there is likely to be a shortfall in CAL19 certificate creation by 2 million certificates which has resulted in an uplift in prices. Despite this, we are seeing continued strong wind and solar generation around the NEM which will continue to have a positive impact on creation levels, with fewer interconnector constraints and transmission constraints intra-regionally impacting energy flows. Tas Hydro’s fleet of run-of-river hydro...

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13 Nov STAFF PROFILE – Kate Turner

What is the best piece of advice you have ever received? The best piece of advice I’ve ever received is to pull a pram on a beach and not try and push it. Less of an issue in England but it is coming into use now I live in Australia. Name a place you have never been to and would like to visit. Why? I would love to go to Alaska. I find it fascinating the juxtaposition between big industry and natural resources, versus the sheer rawness of the wilderness and landscape. Plus there are over 100 volcanos and its bear to people ratio is 1:21 – that’s pretty roarsome! Who or what inspires...

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13 Nov Mental Awareness Foundation

Finding a charity to donate to can be a tough exercise considering the fantastic work that hundreds of charities do daily. This month Edge would like to shine a light on mental health. Through out October, there were many amazing initiatives taking place such as the Instagram challenge where you used the hashtag #QMHWTakeTime to show how a Queenslander takes time for their mental wellbeing or ‘Light up Brisbane’ where many landmarks around Brisbane lit up in bright purple on World Mental Health Day. All this is to raise awareness of the value of positive mental health and wellbeing. Kate, our Senior Portfolioi Manager also got involved by being part of...

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13 Nov Are you on your way to transitioning your Baseline?

As has been heavily documented the Safeguard Mechanism (which covers approximately 50% of Australia’s covered emissions) is one of the measures in place to help Australia meet its Greenhouse Gas Emissions (GHG) reduction targets of 28% under 2005 levels by 2030. Following the updates to the Safeguard Mechanism rules in March 2019 facilities should review their current arrangements to ensure they are best placed for the upcoming changes and are best positioned to meet their future obligations. Edge has been working with clients to review what the changes could mean for them and provided positive outcomes for their environmental reporting and Safeguard baseline applications. We ensure clients are not only on...

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