Victoria, Australia

IEEFA Research

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 Australia: Coal plant closures imminent as renewable energy surges

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 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 […]

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, […]

More News and Commentary

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 →

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 →

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 →

Gales in Australia almost prompt new record for wind energy output

Renew Economy: Australia’s main grid came close to a new record for wind energy output over the weekend, as two new wind projects began production for the first time, although the contribution of the newly connected projects remained minimal. According to grid wind watchers, including Global Roam’s Paul McArdle, it was “blowing a gale” over […]

July 20, 2021 Read More →

Spark plans 2.5GW wind, solar and battery hub in New South Wales

Renew Economy: Spark Renewables, part of the listed network investment company Spark Infrastructure, is proposing a massive 2.5GW wind, solar and battery storage hub in south west NSW, in the heart of a planned renewable energy zone. The Dinawan Energy Hub and the direct investment in wind, solar and battery storage is part of a […]

July 15, 2021 Read More →

AGL plans shutdown of 200MW gas unit, replacement with big battery

Renew Economy: AGL Energy is to mothball one of the four units at the Torrens B gas generator in South Australia, as traditional fossil fuel generators struggle in the face of the rapid transition to wind and solar and the switch from baseload generation to flexible capacity. AGL said falling spot and forward wholesale electricity […]

July 7, 2021 Read More →

Lumea announces plans for first unsubsidized big battery in Australia

Renew Economy: Lumea, the commercial offshoot of transmission company TransGrid, has announced plans for a 300MW big battery in Melbourne that it is describing as a “first of its kind” in Australia because it will be the first to be fully financed without using government funding or contracts. The 300MW battery at the Deer Park […]

July 6, 2021 Read More →

Aldi becomes first Australia retailer to use 100% renewable energy

Renew Economy: Aldi Australia says it has hit the target of powering all of its operations with 100 per cent renewable electricity six months ahead of schedule, marking a national first for major supermarkets and setting a cracking pace for the rest of corporate Australia. The Australian arm of the German supermarket chain said on […]

June 16, 2021 Read More →
IEEFA Australia: NSW government sensibly resists temptation to tax electric vehicles

IEEFA Australia: NSW government sensibly resists temptation to tax electric vehicles

The government doesn’t need an EV tax to fund roads

The New South Wales Government has released its five yearly Intergenerational Report. As part of the process, NSW Treasury produces deeply researched technical papers into a number of relatively narrow topics. This week it published a piece on the sensitivity to global coal demand and the broader energy transition. In two pages (pp 24-25) this […]

Massive offshore wind farms proposed for Australia’s Bass Strait

Renew Economy:  Two new massive offshore wind farms have been proposed for either side of Bass Strait, taking the growing pipeline of projects in a technology that has yet to be deployed in Australia to more than 25 gigawatts. An Australian based company, Brookvale Energy, is looking at an offshore wind project in Tasmanian waters […]

June 11, 2021 Read More →