Australia

IEEFA Research

IEEFA: Enforcing outdated Australian-only demand response standard not in consumers’ long term interest

IEEFA: Enforcing outdated Australian-only demand response standard not in consumers’ long term interest

Energy Ministers urged to rethink AS4755 standard against more beneficial, consumer-friendly international solutions

5 August 2021 (IEEFA Australia): Mandating a new Australian standard for pool pumps, air conditioners, electric storage water heaters and electric vehicle chargers will consign households to outdated technology, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Australia’s Energy Ministers have decided that various domestic appliances sold in the […]

IEEFA Australia: Reviewing access, pricing and incentive arrangements for distributed energy resources

IEEFA Australia: Reviewing access, pricing and incentive arrangements for distributed energy resources

Planning must begin for a zero-inertia zero-emissions electricity system

The Australian Energy Market Commission (AMEC) has sought assistance to make distributed energy resources an integrated part of the national electricity market (NEM) for the benefit of everyone. When the NEM operating on the east coast of Australia was designed, there was almost no rooftop solar or other small generation, demand response or storage in […]

IEEFA Australia: AGL Energy has lost over 70% of its market value, destroying A$12 billion in shareholder wealth

IEEFA Australia: AGL Energy has lost over 70% of its market value, destroying A$12 billion in shareholder wealth

It’s an (expensive) sorry tale when companies ignore shareholders and continue to invest in fossil fuels

22 July 2021 (IEEFA Australia): In failing to realise its early green ambition AGL Energy, one of Australia’s biggest electricity generators and retailers wiped over 70% off its market value in just four years, destroying A$12 billion in shareholder wealth, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]

IEEFA: Eastern Australia is the 7th most expensive domestic gas market in the world

IEEFA: Eastern Australia is the 7th most expensive domestic gas market in the world

Investors are pouring money into a gas-fired recession

22 July 2021 (IEEFA Australia): Of the major exporters, eastern Australia has wholesale contract gas prices that are the 7th most expensive globally, being over 5½ times those of Qatar, the second largest exporter of LNG; over 3 times the price of gas in the U.S.; and nearly 5 times the price of gas in […]

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future

24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

A global laggard that has minimal transparency, is passive on climate, and is abrogating its fiduciary duty to best manage risk for investors

22 June 2021 (IEEFA Australia): Vanguard Group, the world’s second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world’s largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA: A loss of excise tax revenue should not stall the uptake of electric vehicles in Australia

IEEFA: A loss of excise tax revenue should not stall the uptake of electric vehicles in Australia

More pragmatic focus would be incentivising industry and modernizing the grid

8 June 2021 (IEEFA Australia): A new tax on EV users is unnecessary as the Australian (Commonwealth) government is well placed to deal with the potential revenue impact of the inevitable move to electric vehicles, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Global automotive manufacturers have committed almost […]

IEEFA: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables

IEEFA: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables

Seven important lessons for energy planners around the globe in transitioning grids from fossil fuels to renewables

3 June 2021 (IEEFA Australia): South Australia offers vital lessons for other jurisdictions transitioning from a fossil fuel-based electricity grid to a low emissions, high renewables grid, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). “The proportion of South Australia’s electricity demand met by large scale and small scale variable […]

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

Regulator should step back before taxpayer foots the bill

9 May 2021 (IEEFA Australia): The Queensland Competition Authority’s (QCA) massive ‘overnight’ increase in Dalrymple Bay Coal Terminal’s remediation provision costs from $433 to $850 million highlights a very serious regulatory issue, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the note IEEFA guest contributor Owen […]

IEEFA: Regulatory over-reach in South Australia’s switch-off of household solar

IEEFA: Regulatory over-reach in South Australia’s switch-off of household solar

There are other solutions to minimum demand issues in the grid

28 April 2021 (IEEFA Australia): New measures allowing rooftop solar systems in South Australia to be remotely switched off without householders’ knowledge has set a worrying precedent, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). The rooftop solar cut-off measures give energy authorities powers to switch off […]

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IEEFA: Enforcing outdated Australian-only demand response standard not in consumers’ long term interest
and

IEEFA: Enforcing outdated Australian-only demand response standard not in consumers’ long term interest

Energy Ministers urged to rethink AS4755 standard against more beneficial, consumer-friendly international solutions

5 August 2021 (IEEFA Australia): Mandating a new Australian standard for pool pumps, air conditioners, electric storage water heaters and electric vehicle chargers will consign households to outdated technology, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Australia’s Energy Ministers have decided that various domestic appliances sold in the […]

IEEFA Australia: Reviewing access, pricing and incentive arrangements for distributed energy resources

IEEFA Australia: Reviewing access, pricing and incentive arrangements for distributed energy resources

Planning must begin for a zero-inertia zero-emissions electricity system

The Australian Energy Market Commission (AMEC) has sought assistance to make distributed energy resources an integrated part of the national electricity market (NEM) for the benefit of everyone. When the NEM operating on the east coast of Australia was designed, there was almost no rooftop solar or other small generation, demand response or storage in […]

Leading Australian renewable developer plans wind, storage projects

Renew Economy: Australia’s largest renewable energy operator is planning major investments in massive wind farms in New South Wales, and is also looking at a handful of big battery and other storage projects. Powering Australia Renewables on Monday completed the takeover of Tilt Renewables’ Australian assets, delivering it a 50 per cent boost in operating […]

August 4, 2021 Read More →

Delayed Bulgana wind-battery hub to enter full production by 2022

Renew Economy: French renewable and battery storage developer Neoen says it expects its heavily delayed Bulgana wind and battery hub in western Victoria to be in full production by the end of the year. The Bulgana Green Energy Hub features a 194MW wind farm supported by a 20MW/34MWh Tesla battery, and was expected to come […]

August 2, 2021 Read More →
IEEFA Australia: ESB’s capacity payment likely to increase consumers’ electricity bills

IEEFA Australia: ESB’s capacity payment likely to increase consumers’ electricity bills

Proposed capacity mechanism could be more expensive than the carbon price, and is likely to favour coal generators

The Energy Security Board’s (ESB) recommended capacity payments for electricity generators will benefit polluting fossil fuel-based electricity generation over renewables. And energy consumers will wear this cost. The Physical Retailer Reliability Obligation (PRRO), which will provide a new revenue stream to generators in the form of capacity payments, has been proposed by the ESB as […]

Origin announces $1.6 billion write-down of coal and gas assets

Renew Economy: Australia’s biggest energy retailer Origin Energy has announced a massive impairment of $1.6 billion after deciding to write down the value of its coal and gas assets, and also taking a hit on the value of its renewable energy contracts. Origin says the write downs are the result of falling wholesale prices – […]

July 30, 2021 Read More →

Only 1 of 5 AEMO scenarios consistent with global efforts to 1.5C limit

Renew Economy: The Australian Energy Market Operator is to model a range of scenarios that include a zero emissions  by 2035, at the same time as much of the nation’s transport and other energy uses also turn electric. The scenario, known as Hydrogen SuperPower, is one of five modelled by AEMO as part of its […]

July 29, 2021 Read More →

Australia’s No. 2 pension fund announces complete thermal coal exit

Sydney Morning Herald: Australia’s second largest superannuation fund has completely divested from thermal coal and ploughed $1 billion into renewable and low-emission technology in the year since it declared it would reshape its business in line with climate targets. According to its progress report, Aware Super, formally First State, has reduced emissions in its listed […]

July 28, 2021 Read More →

Vermont utility sets course for decentralizing electric grid

Time: Visitors entering a code-locked central control room at Green Mountain Power (GMP)’s Colchester, Vt., headquarters instinctively lower their voices, whispering in deference to operators relaying orders from behind semicircular clusters of screens. It’s an intimidating space; one side of the black-walled room is taken up by a display showing a sprawling, yellow-lit maze of […]

July 28, 2021 Read More →

Shortage of battery cells, semiconductors threaten storage progress

Renew Economy: Australia’s biggest battery – the 300MW/450MWh Victoria Big Battery near Geelong – has been registered and is about to begin production, but a supply shortfall is looming for future battery storage projects in Australia and around the world. The Victoria big battery will be about double the size of its stablemate, the original […]

July 27, 2021 Read More →