Market wrap: Electricity futures prices trended up during the month of August due to a combination of factors including uncertainty in the political sphere, the dumping of the National Energy …
The NEG is dead – Governments to focus on driving down electricity prices
The National Energy Guarantee (NEG) has been declared dead and government policy is shifting towards recommendations made by the Australian Competition and Consumer Commission (ACCC) to drive down energy costs. …
Coal failures and drought cause wholesale electricity rates to spike
Wholesale electricity prices on the National Energy Market have bucked a two-month downward trend and prices have pushed back upwards substantially in all states under review. Victoria and Queensland experienced …
BlueScope Steel set to sign Australia’s biggest renewable energy power purchase agreement
Bluescope Steel is set to become the latest Australian industrial player to sign up to a renewable energy power purchase agreement later this week as it commits to buy energy …
Wholesale rates down in all states, with South Australian prices back to pre-crisis levels
Electricity rates – wholesale rates trended down in all states under review from June through to July 15, with futures prices in South Australia trending 1 percent lower than they …
Energy networks must reduce network charges passed on to customers – Regulator
The Australian Energy Regulator has issued new guidelines to reduce the sum of revenue that electricity networks can charge customers in network tariffs, which it says will reduce average bills …
ElectraNet says SA-NSW electricity interconnector will save $30 per year on electricity bills
ElectraNet projects that the proposed interconnector between New South Wales and South Australia will save energy users up to $20 and $30 per year respectively on their power bills. The …
Egregious energy discounts which left people worse off banned by AEMC
It’s good news for energy users this month as the Australian Energy Market Commission has made a new rule to stop shocking pseudo energy discounts practices used by electricity retailers. …
Energy gaming by generators cost Australian consumers $3.4 billion between 2013 and 2017
Electricity generators deliberately manipulated the National Energy market by bidding, withdrawing bids to create artificial scarcity, and rebidding to force prices upwards in a process called ‘energy gaming’ which has …
City of Sydney opens 1,600 solar panel and Tesla battery project to boost 50 percent renewables target
Sydney’s drive to switch to renewable energy sources made another leap forward this week as the Lord Mayor flicked the Alexandra Canal transport depot solar and battery installation switch on. …