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Johanna Bowyer and Guest Contributor: Tristan Edis
Energy Security Board claims Dunkelflaute is a key reason for a capacity mechanism – where is the evidence?
The Energy Security Board (ESB) has cited periods of scarce wind and solar resources as a key reason to implement the contested capacity mechanism, which will see payments from energy consumers to primarily conventional power generators for their capacity to generate electricity, rather than for actually generating electricity. The ESB has claimed the market is […]
Johanna Bowyer and Guest Contributor: Tristan Edis
There are many options to manage the energy transition that don’t involve capacity payments
Uncertainty in the national electricity market is driving investment risk, due to high levels of uncertainty around coal exits, short term market contracting, early mover disadvantage in power technologies subject to deflation, and unpredictable government intervention, among other things. The Energy Security Board’s capacity mechanism has been proposed as a solution to these challenges. It […]
Johanna Bowyer, Guest Contributor: Tristan Edis and Press Release
Energy Ministers and the energy industry should reject the ESB capacity mechanism proposal
21 September 2021 (IEEFA Australia): The Energy Security Board’s (ESB) proposal for consumers to pay conventional generators such as coal and gas an extra fee for their capacity, not just the actual power they produce, should be rejected by Energy Ministers at a forthcoming meeting this Friday argues a new report prepared by energy market […]
Guest Contributor: Gabrielle Kuiper
It's time to think big about small-scale DER
The Energy Security Board’s (ESB’s) final post-2025 market design advice to Energy Ministers has been very controversial. First there was the unnecessary proposal for a capacity payment paid by electricity consumers to power stations not just for the electricity they generate, but also for the size of capacity installed in the plant, irrespective of how […]
Johanna Bowyer and Guest Contributor: Tristan Edis
The capacity payment modelling doesn’t actually model a capacity payment
Australia’s Energy Minister Angus Taylor has been keenly promoting to media outlets that consumers will save $1.3 billion dollars from a proposal that will require those consumers to pay conventional power generators not just for the actual electricity they produce, but also an extra fee for the size of their power plants’ generating capacity, irrespective […]
Tim Buckley
Despite some glaring anomalies, much of the world is finally heading in the right direction
It could be easy to become disheartened. Australia is still not focusing on the climate science and need for a rapid decarbonisation of the economy. Instead, the Federal government is bizarrely trying to provide new capacity payment subsidies to extend the life of antiquated coal plants, is providing subsidies in the tens of millions for […]
Guest Contributor: Owen Evans and Press Release
Refocusing attention on transmission and distribution of electricity will bring better results
27 August 2021 (IEEFA Australia): The Federal government can better achieve its ambition to lower electricity prices if it focuses on the transmission and distribution side of the energy market rather than the generation side, as its latest plan for keeping old coal plants open will in fact increase consumers’ electricity bills, not lower them, […]
Johanna Bowyer, Guest Contributor: Tristan Edis and Press Release
Energy Security Board’s unnecessary $2.9 - $6.9 billion payment for power station capacity will come at a high cost to consumers
20 August 2021 (IEEFA Australia): Households may soon face a new charge on their power bills – potentially double that from the carbon price – if Energy Ministers agree to a proposal for a new capacity payment to power companies, according to a new report prepared by the Institute for Energy Economics and Financial Analysis […]
Press Release, Dennis Wamsted, Seth Feaster and David Schlissel
IEEFA analysts explain why solar, wind and battery storage are poised to push fossil generation off the grid
April 2, 2021 (IEEFA) ⎼ The Institute for Energy Economics and Financial Analysis will host a webinar on Thursday, April 8, 2021 to present findings from its recently released U.S. Power Sector Outlook 2021. Authors Dennis Wamsted, Seth Feaster, and David Schlissel will show how lower-cost wind and solar, coupled with battery storage, is rapidly […]
Press Release, Dennis Wamsted, Seth Feaster and David Schlissel
Coal, gas set to become biggest losers as renewable generation climbs quickly
March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]
IEEFA Australia: ESB fails to deliver substantive progress on integration of distributed energy resources
It's time to think big about small-scale DERThe Energy Security Board’s (ESB’s) final post-2025 market design advice to Energy Ministers has been very controversial. First there was the unnecessary proposal for a capacity payment paid by electricity consumers to power stations not just for the electricity they generate, but also for the size of capacity installed in the plant, irrespective of how […]