Victoria, Australia

IEEFA Research

IEEFA: Australia should be a net-zero emissions leader

IEEFA: Australia should be a net-zero emissions leader

Setting a target of net-zero emissions by 2050 would maximise employment, investment and export opportunities

11 December 2020 (IEEFA Australia): Australia must align itself with the global push to go carbon-neutral to maintain strong trade in a net zero emissions world, the Institute for Energy Economics and Financial Analysis (IEEFA) notes in its submission in support of a new climate change bill before the Australian parliament. The bill, introduced by Zali Steggall, […]

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker

19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]

IEEFA: Australia’s gas industry was already failing before COVID-19

A gas-led recovery is a short-term recovery and only for the gas industry

4 June 2020 (IEEFA Australia) ‒ Instituting a structurally broken U.S. business model as Australia enters the first recession in 30 years will cause the country even more pain as lockdown eases, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), Gas Cannot Stimulate the Economy, Reduce Emissions, or Provide […]

IEEFA update: Australia’s first offshore wind project a step in the right direction, despite the cost

Allows early decommissioning of some of the old, polluting, unreliable units of the two Victorian brown-coal fired stations

5 November 2019 (IEEFA Australia): Australia’s first offshore wind project in Victoria is a step in the right direction despite the over investment, according to a new IEEFA note out today. The ‘Star of the South’ off the coast of Gippsland in Victoria is a massive 2.2 gigawatts of wind capacity proposal and will be […]

IEEFA report: Gas reservation policy would reduce electricity prices in Australia

IEEFA report: Gas reservation policy would reduce electricity prices in Australia

Households to save $270 per year if the government finally intervenes and breaks up the cartel

July 9, 2019 (IEEFA Australia)  ̶  Domestic gas prices in Australia have become unaffordable for households, industry, and electricity production, while internationally, Australian gas prices are higher than the most expensive markets in the world, concludes a new report out today. Calling on the Australian government to implement a gas reservation policy, the new report, […]

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IEEFA: Australia should be a net-zero emissions leader
, and

IEEFA: Australia should be a net-zero emissions leader

Setting a target of net-zero emissions by 2050 would maximise employment, investment and export opportunities

11 December 2020 (IEEFA Australia): Australia must align itself with the global push to go carbon-neutral to maintain strong trade in a net zero emissions world, the Institute for Energy Economics and Financial Analysis (IEEFA) notes in its submission in support of a new climate change bill before the Australian parliament. The bill, introduced by Zali Steggall, […]

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds
, and

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker

19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]

IEEFA Australia: It was a gas while it lasted but the love affair is over

IEEFA Australia: It was a gas while it lasted but the love affair is over

It’s past time to move on from gas as a fuel source in Victoria

Victoria has had a long and enduring love affair with gas. Fossil gas has been used to heat Victorian homes and cook meals since the days when the Bass Strait produced a cheap and plentiful supply. And the State is currently assessing whether it will be the first in Australia to approve an expensive LNG […]

November 17, 2020 Read More →

French developer Neoen to build 300MW/450MWh battery storage unit in Australia

The Guardian: One of the largest lithium-ion batteries in the world is planned for Victoria after the renewable energy company Neoen won a contract to build it near the regional city of Geelong. If constructed as promised, the battery will have a power capacity of 300 megawatts and a storage capacity of 450 megawatt-hours, making […]

November 5, 2020 Read More →
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IEEFA: Australia’s gas industry was already failing before COVID-19

A gas-led recovery is a short-term recovery and only for the gas industry

4 June 2020 (IEEFA Australia) ‒ Instituting a structurally broken U.S. business model as Australia enters the first recession in 30 years will cause the country even more pain as lockdown eases, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), Gas Cannot Stimulate the Economy, Reduce Emissions, or Provide […]

First electricity from Victoria’s largest wind farm flowing into Australian grid

Renew Economy: The first production has been spotted from the 194MW Bulgana wind farm – the much-delayed project that will form a key part of what will be the biggest wind and battery hub in Victoria. The Bulgana Green Energy Hub will combine the output of the wind farm and a 20MW/34MWh Tesla big battery […]

May 15, 2020 Read More →

IEEFA Australia: Why more gas won’t help Victoria

Expensive, polluting and wasteful

Last week the Victorian government opened up onshore gas fields after lifting a ban that has stood since 2017. The pressure exerted by the federal government for ever more gas, aided and abetted by the gas industry peak body APPEA has finally taken its toll. The Victorian government has caved in for 20 pieces of […]

IEEFA: The crash in global gas prices should mean a drop in electricity and gas prices in Australia

IEEFA: The crash in global gas prices should mean a drop in electricity and gas prices in Australia

But it doesn’t

The plunge in oil prices over the weekend will delay or postpone the development of major Australian gas fields, of which there are many. Liquefied Natural Gas (LNG) export contracts are directly linked to the oil price. The oil price has fallen 25%. We can expect to see a similar fall in the value of […]

IEEFA update: Australia’s aluminium smelters need a technology retrofit to offer demand response capacity

IEEFA update: Australia’s aluminium smelters need a technology retrofit to offer demand response capacity

Profiting from the further adoption of cheap but variable renewable energy in Australia’s grid

Australia is facing an ongoing energy crisis in the face of a technology driven market disruption. In addition to ongoing and destabilising policy uncertainty, an ageing and increasingly unreliable coal-fired power station fleet is losing cost competitiveness as subsidised coal supply contracts expire and the market pivots from the now entirely outdated baseload concept towards […]

February 26, 2020 Read More →
IEEFA update: India’s top renewables states can learn from South Australia

IEEFA update: India’s top renewables states can learn from South Australia

A profitable solution for ailing power distribution companies in India

The Australian state of South Australia (SA) has been a remarkable world leader in transitioning its electricity sector to a low-cost, low-emission, renewable energy-driven system in a short space of time. Three years ago, the state was vulnerable to frequent power outages. Today, SA boasts one of the highest renewable energy penetrations in the world, […]

January 13, 2020 Read More →