Edge News

 

Our team is dedicated to being across the energy industry. We analyse any changes within the market and evaluate the impact to our clients. Here you will find a range of articles ranging from major industry events through to our detailed views on energy market movements.

 

03 Nov Markets move again on Hazelwood closure

Workers at Engie’s Hazelwood Power Station were today called to a meeting to be advised of the closure of the plant in March 2017. Hazelwood has been producing low cost baseload for more than 50 years in Victoria. The brown coal power station has been producing approximately 20% of Victoria’s energy demand and has helped make Victoria the cheapest state in the national electricity market for wholesale electricity.  This is no longer the case with both Queensland and New South Wales now cheaper in Q217 and Q317. While the largest increases have been evident for Victoria, there has also been an impact on prices in New South Wales and Queensland. Most of the...

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12 Oct FIFTH COAG ENERGY COUNCIL MEETING

The COAG Energy Council held their fifth meeting in Canberra last month. Ministers met to discuss the transformation of the gas and electricity markets and the challenges and opportunities associated with this. Recent reports on gas market reform tabled by the Australian Competition and Consumer Commission (ACCC) and Australian Energy Market Commission (AEMC) now provide a platform for action to take place. Based on findings and recommendations from these two key reports, COAG launched its Gas Market Reform Package. The reform package has been designed as a means to lift competition and consequently reduce gas prices. The reform package comprises of four priority areas and 15 reform measures. The four priority areas are gas...

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