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.

 

15 Aug 150 MW Solar Thermal Plant to be constructed in South Australia

On Monday 14 August South Australian Premier Jay Weatherill announced that Solar Reserve had won a 20 year electricity supply agreement with the South Australian government. The agreement is reported to account for 75% of the SA Governments electricity requirement. The 150 MW solar thermal plant has been named Aurora and will be constructed just north of Port Augusta. The plant is a critical piece of infrastructure which will help mitigate volatile electricity prices in SA. The plant provides synchronous renewable energy that can be dispatched when there is no sunlight or wind available. According to Aurora the plant will have 8 hours of full load storage. It is reported that the...

Read More

14 Aug CS Energy and Alinta team up to provide lower prices for residential customers

The Queensland Government has announced CS Energy; which is wholly owned by the Queensland State Government, will form a 50/50 partnership with the privately owned Alinta Energy. The newly formed company would provide discounted electricity prices to residential customers and small businesses in South East Queensland. The new company would offer a 2-year electricity contract with a headline 25% discount of usage charges. This offer is currently marketed on Alinta’s website as a Home SaverPlus. The Queensland Government is urging other retailers to offer similar discounts and has encouraged them to approach the government owned corporations to strike similar deals and pass on savings. There are currently no plans to extend this...

Read More

09 Aug Update on Prime Minister meeting electricity retailers in Canberra

Today (Wednesday 9 August) Prime Minister Malcolm Turnbull, Treasurer Scott Morrison and Energy Minister Josh Frydenberg met with Australia’s largest energy retailers and Matthew Warren of the Australian Energy Council in Canberra to discuss options that will mitigate the rising cost of energy for Australian consumers. The meeting appears to have been successful with energy retailers agreeing to contact customers on a discount rate and provide details of alternative offers prior to the expiry of the agreement. The correspondence is to be in plain English and provide facts that can be understood by normal customers. In addition to this retailers will need to direct customers to the price comparison website managed...

Read More

09 Aug Prime Minister summons electricity retailers to Canberra for summit

Today (Wednesday 9 August) Prime Minister Malcolm Turnbull, Treasurer Scott Morrison and Energy Minister Josh Frydenberg will meet with Australia’s largest energy retailers and Matthew Warren of the Australian Energy Council in Canberra. The Prime Minister has requested the meeting in an attempt mitigate the rising cost of energy for Australian consumers. One of the key concerns Mr Turnbull will be discussing is the action of retailers switching consumers to more expensive tariffs without their knowledge. Whilst the ACCC is investigating competition within the electricity retail market, this report will not be finalised until next year. The Prime Minister is seeking more immediate solutions to the issue of rising electricity costs. Edge will...

Read More

20 Jul Hydraulic Fracturing Inquiry – Northern Territory

On Friday 14 July 2017, the inquiry into Hydraulic Fracturing in the Northern Territory released an Interim Report on the impacts and risks associated with hydraulic fracturing. The interim report details the activities undertaken by the panel so far.  This includes: community consultations; research into shale gas development; effective water management; land, social; and environmental impacts. The panel will continue with planned activities including site visits to Queensland coal stream gas (CSG) operations, consultation with the Alberta Energy Regulator, and will continue to hold public hearings and community consultations as scheduled.  It is anticipated that the final report will be handed down by the end of 2017. Read the interim report via the...

Read More

14 Jul Victorian Government announces Renewable Energy Action Plan

The Victorian Government has announced its Renewable Energy Action Plan. The Plan reconfirms its commitment to meeting its renewable energy targets of 25 per cent by 2020 and 40 per cent by 2025.  There will be a second round of renewable certificate purchasing to encourage up to 75 MW of largescale solar, of which 35 MW will be used to power Melbourne’s trams. Other initiatives such as battery storage, energy efficiency and solar panels will be supported through cooperation with the Clean Energy Finance Council (CEFC), and the $300 million raised through the Government issuing Green Bonds. To read all the actions that the Victorian Government has committed to, go to...

Read More

10 Jul Edge Insights – Issue 4

Edge Insights provides you with the latest news in the energy industry and showcases some of our services that help to ensure businesses maintain their optimal energy arrangements at all times. In this edition: Renewable projects to meet your energy needs State of the Market Q217 Staff Profile: James Webster Government steps in to reduce gas prices Energy Cost Forecasts Raising funds for Kids’ bus Renewable Projects Deliver Value Interest in renewable generation projects has escalated on the back of elevated black and LGC prices and declining renewable offtake costs. The fulfilment of these projects presents an opportunity to change the energy supply landscape in  Australia. However, will government intervention and continued downward...

Read More

10 Jul South Australia – Tesla Motors and Neoen awarded South Australian Battery system contract

On Friday afternoon Tesla Motors and French wind farm developer Neoen were awarded the tender for the South Australian battery system as part of the South Australian Governments energy security plan. The system will have a capacity of 129 MW hours and will be paired with Neoens Hornsdale 200MW wind farm. The purpose of the battery system is to provide energy when renewable energy isn’t available, i.e. when there is no wind. The timing of the announcement couldn’t have come at a better time as this last week South Australia observed a curious situation where low cost renewable generation was more available than the week prior however average spot prices increased....

Read More

04 Jul Select Solutions for Sale

This week AusNet Services announced the sale of its metering and asset intelligence business, Select Solutions. AusNet Services is the largest diversified energy network business in Victoria, owning and operating approximately $11 billion of assets.  The company owns and operates three regulated networks – the whole of Victoria electricity transmission network, and electricity and gas distribution. The company also has a Commercial Energy Services division focused on unregulated opportunities, which Select Solutions is a part of. Select Solutions is believed to be worth approximately $100 million and has 1000 employees. It is anticipated industrial companies will be interested in the purchase. AusNet Services was listed on the Australian Securities Exchange in December 2005.  Its...

Read More

03 Jul AEMO releases demand forecast

AEMO released their Electricity Forecasting Insights which estimates electricity demand out to 2036. The forecast replaces the National Electricity Forecasting Report (NEFR) and shows that the underlying demand for electricity continues to grow. This growth is offset by rooftop solar PV systems and other non-scheduled generation which is considered a reduction in operation demand by AEMO. Strong, neutral and weak growth scenarios were also analysed to show a range of possible outcomes. All three scenarios end up lower than the 2016 NEFR assumption. These scenarios will form the basis for most of the analysis conducted by AEMO and feeds into a diverse set of requirements such as emergency planning, regulatory investment tests...

Read More