Edge Insights

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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09 Mar STAFF PROFILE – Melitta Springer

Melitta has spent over a decade working in the energy sector in roles including Retail Pricing Analyst, Account Manager and Customer Relationship Manager. As Portfolio Manager at Edge, she focuses on building and maintaining strong relationships with clients and key stakeholders. She’s unwavering in her commitment to using the Edge’s efficiencies and insights to deliver solutions that save clients time and money. What is the best piece of advice you have ever received? It’s not necessarily advice, but a quote from Winston Churchill has stuck with me over the years.  “Continuous effort – not strength or intelligence – is the key to unlocking our potential”. It is the little things that we do...

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07 Mar RSPCA ADOPT A PET!

For the 50,342 animals that arrived at the RSPCA Queensland centre over the past year, it was a second chance at life.  One of those lives belonged to 3 year old ‘Roger’, a domestic short hair ginger tabby cat.  Roger had been surrendered by a family that no longer wanted him and after spending 4 months in the Wacol RSPCA shelter, was re homed.  Roger was given another chance of life after being adopted by Kristy McGrath, our Head of Operations & Client Delivery, at the recent RSPCA Pop Up Adoption Day in South Brisbane.  Already having two dogs and two horses, adopting Roger from the RSPCA was an easy decision when it...

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07 Mar STATE OF THE ELECTRICITY MARKET – Q118 MARKET OVERVIEW

In this summer edition of the market update we look at some of the issues which is causing price differences in wholesale prices across the east coast of Australia. Since the start of summer, the divide has mainly been across the Murray river with QLD and NSW to the north and VIC, SA and TAS sitting to the South. The summer started in December with modest spot prices across all the regions. The region with the highest price was TAS at $90.96/MWh with the lowest price being QLD at $76.56/MWh. The interconnectedness of the market means that prices in NSW was similar to QLD while SA and VIC were closer to...

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07 Mar Gas Market Update

ACCC GAS INQUIRY – INTERIM REPORT The ACCC released the second interim report into gas supply arrangements in December 2017. In the initial report (released September 2017) it was reported that there would be shortages in gas supply available to east coast consumers in 2018. The report found that buyers of gas were receiving offers from a reduced number of suppliers and that prices offered were above the ACCC’s benchmark prices. It was also noted in the report the lack of participation from the QLD LNG producers in the domestic market. This reported lack of participation from the LNG producers prompted the Federal Government to act. The result was the creation...

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07 Mar Renewable Generation Off-Takers On The Rise

We are seeing a significant increase in large users exploring renewable generation off-take opportunities. This includes behind the meter build-own-operate or power purchase agreements (PPAs), and offsite commercial arrangements otherwise referred to as corporate PPAs, synthetic PPAs, or simply contracts for difference (CFDs). The reasons are mixed. Some are looking to meet future corporate emissions targets.  Others are aiming to achieve lower energy costs. Some are looking to further diversify procurement strategies. All are fearful of missing out on the next big opportunity. Edge are actively involved in taking large electricity users through the process of assessing, and where feasible, entering into arrangements with renewable generation. We provide a range of...

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