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Victoria, Australia
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Press Release, Johanna Bowyer and Guest Commentary: Tristan Edis
Several coal power plants in the National Electricity Market likely to be financially unviable by 2025
24 February 2020 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility and inability to adapt to a rapid influx of renewable energy, finds a new […]
Press Release, Tim Buckley and Johanna Bowyer
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, […]
Press Release, Trista Rose and Tim Buckley
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 […]
Bruce Robertson
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 […]
IEEFA
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 […]
Press Release and Bruce Robertson
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
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 […]
Bruce Robertson
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 […]
Bruce Robertson
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 […]
Tim Buckley
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 […]
IEEFA Australia: Coal plant closures imminent as renewable energy surges
Several coal power plants in the National Electricity Market likely to be financially unviable by 202524 February 2020 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility and inability to adapt to a rapid influx of renewable energy, finds a new […]