Edge Insights

14 Nov STATE OF THE ELECTRICITY MARKET – WINTER MARKET OVERVIEW

The electricity spot prices were generally higher for the winter period (June to August) than the preceding three months. The largest contributing factors were higher gas prices and increased demand for most of the regions. This excludes Tasmania where average prices fell from $80.26/MWh in autumn to $47.55/MWh in winter. Demand was still higher in the Tasmanian region, however additional rain meant that many of the hydro plants were running, as opposed to spilling water without generating. This put downwards pressure on the local prices. The lower Tasmanian prices didn’t result in lower prices for the rest of the National Electricity Market (NEM). Across all regions, the prices during the 2018...

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14 Nov National Energy Guarantee: it’s over

In late 2017, the Energy Security Board (ESB) developed a scheme to provide investment certainty in the electricity market, which would address Australia’s commitments under the Paris Agreement. The Coalition had ruled out a carbon tax, other cap-and-trade schemes and virtually any other scheme which had been attempted in the past. This left very few options for the ESB to appropriately address investment certainty in the electricity market. The ESB eventually developed an innovative scheme called the National Energy Guarantee (NEG). The basis of the NEG was essentially a cap-and-trade scheme for environmental certificates and, as a sweetener, it also had a reliability obligation. Essentially, the scheme was linked to contracts...

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14 Nov Gas Market Update

Domestic gas prices have increased again as Queensland continues to export most domestic gas overseas in the form of Liquefied Natural Gas (LNG). Outages in early 2018 had limited output from the LNG facilities, however all trains are now available. The increase in total gas extracted on the East Coast of Australia is the largest contributor to the increase in gas prices. Before LNG demand, domestic gas could be extracted from cheap resources. However, as more gas is extracted from Roma, Queensland, the price of extraction has increased, which is then passed onto consumers. With the ability to sell gas overseas, producers are also looking to obtain a similar price domestically...

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14 Nov The future is bright for Edge

After celebrating ten years in business last year, 2018 has been a year of reflection. As founder and Managing Director, I especially have been reflecting heavily on why the business started, how it has become what it is today and, perhaps most importantly, where the business is headed. One thing I’m very proud of is that the ethos of Edge has been unwavering since inception. Edge was established to deliver value.  At the core of every decision we make and everything we do is ensuring large energy users are equipped to achieve superior energy outcomes.  Put simply, we do everything possible to provide the tools and means to buy better. They say...

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14 Nov STAFF PROFILE – Bridget Quilty

What is the best piece of advice you have ever received? Failure is the best teacher there is and it provides an opportunity to learn and better yourself. You cannot grow without failure. Name a place you have never been to and would like to visit. Why? I would love to do the Overland Track in Tasmania. It has been on my bucket list for some time now. I was born in Tasmania, so it holds a special place in my heart. The wilderness is also spectacular in Tasmania. My ideal holiday would be spent camping and hiking through the wilderness. There is nothing more refreshing than getting out in nature, challenging yourself...

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14 Nov Foodbank Queensland – fighting hunger through the Christmas season

As 2018 continues to fly by, Christmas is now right around the corner. At Edge, we recognise that the reality of Christmas is very different for many families in our community. Christmas isn’t always a time of celebration, family, friends and gift giving. In lieu of providing Christmas cards to our customers each year, Edge donates to a local charity to help support members of the community who struggle through the Christmas season. This year, Edge will be donating to Foodbank Queensland. Foodbank is the largest hunger relief organisation in Australia, providing enough food for over 67 million meals last year alone. The aim of Foodbank is to combat food insecurity, which...

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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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