Edge Insights

11 Jul Updates to EdgeLIVE

Posted at 11:01h in Edge Insights, News by Edge Admin

With our vision to create a superior energy management platform, we are constantly developing EdgeLIVE to improve its look and overall functionality for our customers. Our technology team have been working tirelessly to completely overhaul the EdgeLIVE Dashboards and navigation functions relating to your ‘end of month’ account management reporting. Dashboards EdgeLIVE now has dedicated dashboards for Accruals and Invoice Reconciliation. The new dashboards display a summary of the invoice for each NMI, as well as a line-by-line breakdown of the individual invoice items. The new functionality is easy to follow and can provide users with as little or as much detail as is required. Snapshot Dashboard EdgeLIVE also contains a snapshot dashboard to...

09 Jul Supporting Mater Little Miracles

Posted at 08:50h in Edge Insights by Edge Admin

Finding a charity to donate to can be a tough exercise considering the fantastic work that hundreds of charities do on a daily basis. Having worked with many charities in the past as an organisation, Edge’s National Sales Manager, Mike Ricketts, has been donating to Mater Little Miracles for 3 years now. What do Mater Little Miracles do? Every baby born at Mater is a Mater little miracle. That’s one in seven Queenslanders and more than 10,000 new babies every year who can proudly say, “I’m a Mater baby.” But sadly, not all babies are born healthy. Some are born premature, are seriously ill, or are simply too small to go straight home...

09 Jul STAFF PROFILE – Mike Ricketts

Posted at 08:49h in Edge Insights by Edge Admin

What is the best piece of advice you have ever received? The best piece of advice I’ve ever received would have to be ‘Don’t worry about the things you can’t control but focus on the things you can.’ Name a place you have never been to and would like to visit. Why? I have always wanted to visit the Amazon Rainforest. The sheer scale of it is mind blowing. Who or what inspires you? Individuals that have been classed as ‘disadvantaged’ by society but live a life just as full as any other. Seeing ‘less fortunate’ people enjoy what they have is extremely inspiring. What is one of the biggest challenges facing energy customers today? I feel...

09 Jul Enhancements to RERT

Posted at 08:48h in Edge Insights, Electricity, Energy Markets, News by Alex Driscoll

The Reliability and Emergency Reserve Trader (RERT) is an existing intervention mechanism that allows the Australian Energy Market Operator (AEMO) to contract for additional reserves such as generation or demand response that is not otherwise available in the market. AEMO uses RERT as a safety net at times when a supply shortfall is forecast or where practicable for power system security. RERT is classified as an emergency reserve or strategic reserve as it may only be used as a last resort to avoid unnecessary load shedding. This is typically required when the market is under pressure from extreme weather or during unexpected generation failure. RERT can be additional generation or load curtailment...

09 Jul Gas Market Update

Posted at 08:47h in Edge Insights, Gas, News by Alex Driscoll

The Queensland State Government increased the petroleum royalty rate by 2.5% to 12.5% in the 2019/2020 budget, claiming that it will increase revenue by $467 million over the four years ending 2022/2023. The increase received condemnation from LNG producers and their investors. In the announcement, Queensland Treasury drew comparison to royalties in the USA and Canada. The resources sector at large has claimed that the higher tariffs put future investment and jobs at risk. AGL announced during the week that it anticipates first gas to be delivered from its proposed LNG import terminal in the second half of FY22. Originally, AGL indicated that gas would be delivered during FY21, however it...

09 Jul STATE OF THE ELECTRICITY MARKET – AUTUMN MARKET OVERVIEW

Posted at 08:46h in Edge Insights, Electricity, Energy Markets, News by Alex Driscoll

The electricity spot prices in Q219 (April to June) were unsurprisingly lower than the preceding 3 months of Q119 (January to March). Although Q219 experienced some volatility, this was far from the extremes we saw in Q119 with VIC and SA hitting the market price cap in February. Prices during Q219 were higher than Q218 in QLD, VIC and TAS, however lower in NSW and SA. Looking back across the last 10 years, prices have been higher for all regions. Figure 1: Historical prices for autumn (Source: AEMO) It should be noted that prices in both 2012 and 2013 were affected by a carbon tax, which was subsequently repealed in 2014. Since 2015 there...

09 Jul High solar generation vs spot prices in Queensland

Posted at 08:45h in Edge Insights, Electricity, Energy Markets, News, Renewables, Solar by Alex Driscoll

Solar generation and its impact on spot price is a topic of major discussion, particularly in the ‘Sunshine State’ of Queensland where there is a continuous pipeline of solar generation development. This raises the question: is strong solar generation having an impact on spot prices, and if so, is it lowering or increasing prices? Increasing Large-scale Solar Penetration in the NEM It is no secret that solar generation has increased dramatically over the last 12-18 months. From 1 January 2018 to 30 June 2018 (inclusive) the average daily production of large-scale solar generation in Queensland was only approximately 14.2 MW, only accounting for 0.085% of total Queensland generation. (Source: AEMO) For the six...

09 Apr Supporting Angel Flight Australia

Posted at 08:25h in Edge Insights by Edge Admin

What is Angel Flight Australia? Established in April 2003, Angel Flight Australia is a charity that coordinates non-emergency flights to assist country people to access specialist medical treatment that would otherwise be unavailable to them because of vast distance and high travel costs. All flights are free and assist passengers travelling to or from medical facilities almost anywhere in Australia. Who do they help? Anyone who is medically and financially disadvantaged, being families who have been financially devastated by medical bills due to illness, accidents or other chronic conditions. How does Edge support Angel Flight Australia? For nearly two decades, Alex Driscoll, Manager Wholesale Clients and Markets, has been involved in 4WD adventures to show other participants...

09 Apr STAFF PROFILE – Alex Driscoll

Posted at 08:25h in Edge Insights by Edge Admin

What is the best piece of advice you have ever received? Your title isn’t only what you put on your business card; it is what you do with your position that counts. Name a place you have never been to and would like to visit. Why? Everest. It’s the highest place on earth so would be an amazing achievement to stand on the top. Who or what inspires you? Self-made successful people inspire me, being the likes of Richard Branson, Sid Kidman and Ranulph Fiennes. These people generally take risks to challenge themselves or create any opportunities. What is one of the biggest challenges facing energy customers today? The energy market is constantly changing with new technologies,...

09 Apr STATE OF THE ELECTRICITY MARKET – SUMMER MARKET OVERVIEW

Posted at 08:20h in Edge Insights, Electricity, Energy Markets, News by Alex Driscoll

The electricity spot prices were higher for the Summer period (January - March) compared to the preceding three months. Although demand remained static, prices increased as a result of coal and gas generation setting prices at elevated levels. Average prices increased in all regions from the previous summer, with Queensland increasing the least at 23% and Victoria increasing the most at 62%. Across all regions, prices during the 2019 summer were higher than the 2018 summer and were very high in a historical context for Victoria, South Australia and Tasmania. Looking back across the last 10 summers, 2019 summer prices are at their highest levels in most states. Figure 1: Historical prices...