Author: Edge Admin

11 Oct 2019 forward curve continue to rise

The electricity forward price for 2019 continue to increase as fears around system security, adequacy of supply and stressed buyers increase. Since the start of the financial year, forward prices across all mainland states in the National Electricity Market has been increasing. From 1 July 2018 to close of business 9 October 2018, CAL19 prices have increased by between $8.35/MWh and $18.78/MWh The largest increase has been in Victoria, closely followed by New South Wales. Victoria has now overtaken South Australia as the most expensive region to purchase 2019 contracts. Prices have been gradually increasing since the start of the financial year however since Monday 27 August, New South Wales and Victorian prices...

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05 Jul STAFF PROFILE – Justin King

With a career spanning 20 years and experience across many different technologies, Justin brings an incredible depth of knowledge to our development team. He is passionate about accurate reporting and scalable solutions which are the cornerstones of our business. Justin’s experience in the energy industry means he knows what our clients need. By building systems and developing specialised reporting, he gives them time and space to focus on business growth. What is the best piece of advice you have ever received? A boss once told me "Assumptions are the mother of all stuff ups." Name a place you have never been to and would like to visit. Why? One of my future goals is...

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05 Jul Gas Market Update

Domestic gas prices on the east coast of Australia have been through a huge transitional period as a result of the introduction of the LNG export market from Curtis Island. Whilst there have been a broad range of changes, one of the key factors increasingly influencing price that domestic consumers pay is the price of oil. Domestic contracts are now being offered at oil linked pricing which effectively means that if the price of oil increases so will the price of your gas (and vice versa). For large gas producers this is nothing new as hedging commodity prices is part of their core business. For consumers however this may be...

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05 Jul STATE OF THE ELECTRICITY MARKET – AUTUMN MARKET OVERVIEW

The electricity market was active throughout autumn and the transition into winter. Spot prices were largely stable as has been the case ever since the Queensland Government directed Stanwell Corporation to adopt strategies to lower wholesale prices and Snowy Hydro Corporation seem to be willing to draw down their dam levels to keep prices in New South Wales below $300.00/MWh for each trading period. Stable spot prices doesn’t mean that the market has been uneventful. In Queensland utility scale solar is expected to grow from only having Barcaldine Solar Farm (25 MW capacity) to more than 2,000 MW installed by the end of 2019. In November 2017 Kidston Solar Farm (50...

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05 Jul Autism Queensland – providing specialist education for children with autism for over 50 years

Meet Oliver King! Oliver is one of our staff members Justin’s’ eldest 10-year-old son. A couple of years ago he was diagnosed with Autism Spectrum Disorder (ASD). He is a very smart, intelligent and loving boy and is known as a High Functioning Autistic, which you may have heard of in the past called Asperger’s syndrome. Autism affects roughly 1 in 59 children and 1 in 37 boys.  Children like Oliver find it hard to fit into the standard schooling system often requiring extra resources that are not always available.  Luckily for Oliver, he has recently been accepted to attend the Autism Queensland School on a part time basis. Oliver will split half...

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05 Jul Edge Live Supports Greater Flexibility Whilst Maintaining Security

Edge focuses on ensuring the information we hold about your business's energy costs and consumption is safe and secure. We also like to ensure that information is only provided to parties within your business, that are authorised to have access to that information.  A challenge for Edge has been to maintain this security requirement through the use of Edge Live, whilst also ensuring it widely accessible by staff within your organisation as possible. We have recently added some features to Edge Live that can provide you comfort when it comes to providing the right people with access to the right information within your organisation.   As an Edge Customer, you are provided your...

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05 Jul National Energy Guarantee – A Cap And Trade Scheme

The Energy Security Board (ESB) released a new version of the proposed National Energy Guarantee (NEG) following feedback from a variety of interested parties. The ‘Draft Detailed Design of the National Energy Gurantee: Consultation Paper’was released 15 June 2018. Also included was a paper by the Federal Government setting out the proposal for key areas of legislation which will be set at a Federal level. To support the papers a number of technical working papers were released to explore key aspects of the NEG. The new version remains focused on reducing emissions in line with Australia’s commitment under the Paris Agreement and ensuring reliability. In addition to these key priorities, a...

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21 May Edge attends Gas Energy Australia 2018 National Forum

Edge attended the Gas Energy Australia 2018 National Forum held at the Gold Coast on 17 and 18 May 2018. There were a number of prominent speakers at the forum including Senator Canavan, the Commonwealth Minister for Resources and Northern Australia; Tony Wood, Energy Policy Director at the Grattan Institute as well as Ian Macfarlane from the Queensland Resources Council. Senator Canavan highlighted the improvement in the gas prices during the first four months of 2018 compared to the same period in 2017. He attributed part of the 24% reduction in prices at the Wallumbilla gas hub to the conversations the Federal Government had with key gas producers last year and the...

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21 May Edge presents firming options at the Gas Energy Australia 2018 National Forum

Edge presented at the Gas Energy Australia 2018 National Forum which was held on the Gold Coast on 17 and 18 May 2018. The presentation was aimed at showing the opportunities the changes in the current electricity market held for gas producers. As the electricity market continues to adopt more renewable energy, there is an opportunity to firm this energy by supplying power when the relevant renewable source is not operating. With an increasing demand for firmed renewable products this is a perfect time for gas producers to consider power generation in support of the renewable industry. It is possible to partner up and deliver the types of products that consumers...

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17 May Edge presents at the GEA 2018 National Forum on the Gold Coast

Edge has been invited to present at the Gas Energy Australia 2018 National Forum, which is being held over the next two days on the Gold Coast. The forum seeks to provide important insights and new learnings across a range of industry relevant issues including policy, innovation, supply and security of Gas within Australia. Gas Energy Australia is the national peak body which represents the bulk of the downstream gaseous fuels industry which covers Liquefied Petroleum Gas (LPG), Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).  The industry comprises major companies and small to medium businesses in the gaseous fuels supply chain – refiners and supplies, fuel marketers, vehicle and...

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