Electric Grid

IEEFA Research

IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

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 […]

IEEFA Australia: ESB fails to deliver substantive progress on integration of distributed energy resources

IEEFA Australia: ESB fails to deliver substantive progress on integration of distributed energy resources

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 […]

IEEFA U.S.: Municipal ratepayers face mounting costs from expensive American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

IEEFA Australia: Government cannot lower electricity bills by subsidising old and high cost power plants

IEEFA Australia: Government cannot lower electricity bills by subsidising old and high cost power plants

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, […]

IEEFA Australia: Hit to power bills from coal bail-out plan

IEEFA Australia: Hit to power bills from coal bail-out plan

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 […]

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: 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: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

IEEFA: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

Huge consulting fees highlight systemic problems with reform of island utility

April 29, 2021 (IEEFA) ⎼ The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released today by the Institute for Energy Economics and […]

More News and Commentary

IEEFA Australia: ‘Race to replace’ – We need to tie new energy capacity with the exit of old generators
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IEEFA Australia: ‘Race to replace’ – We need to tie new energy capacity with the exit of old generators

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 […]

IRENA, wind industry push for 380 gigawatts of offshore wind by 2030

ReNews.biz: The International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) have launched an agenda targeting 380GW of offshore wind, installed worldwide by 2030. By 2050 the target is for 2000GW of offshore wind installed worldwide. The compact sets out a clear route to help governments “make the fundamental changes required to […]

September 23, 2021 Read More →

Premier: Greece could shutter coal-fired plants as early as 2025

Bloomberg ($): Greece is moving faster than expected to phase out coal-fired power plants, as the government of Kyriakos Mitsotakis steps up efforts to tackle the effects of the global climate crisis.  “We said we would do it by 2028,” Mitsotakis said in an interview with Bloomberg TV on Thursday, referring to his government’s target […]

September 23, 2021 Read More →

Salt River Project connects 25-megawatt battery storage to grid

Energy Storage News: A 25MW four-hour (100MWh) battery storage project has been connected to the grid by Arizona utility company Salt River Project (SRP). SRP said last week that the project at its Bolster substation is currently the biggest standalone battery energy storage system (BESS) in the southwestern US state, sited adjacent to the utility’s […]

September 23, 2021 Read More →

Sun Cable plans $2.5 billion Australia-to-Singapore solar undersea link

Reuters: Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements, officials said on Thursday. The Australia-Asia Power Link will from 2027 harness solar energy from the world’s largest solar farm and battery storage facility […]

September 23, 2021 Read More →

EnergyAustralia plans 2040 closure of Mount Piper, three years early

Renew Economy: EnergyAustralia says it has brought forward the closure of the Mount Piper coal-fired power station in NSW by three years, as part of a plan to accelerate its exit from coal. EnergyAustralia had originally indicated that the 1,400MW Mount Piper coal power station – near Lithgow – could operate until at least 2043. […]

September 23, 2021 Read More →

Tri-State modified exit fees draw mixed reviews from members

S&P Capital IQ ($): Various utilities urged the Federal Energy Regulatory Commission to reject the Tri-State Generation and Transmission Association Inc.’s modified rules and procedures used to set its exit fees for departing members, while others said the changes marked a considerable improvement. Tri-State proposed a modified contract termination payment, or CTP, procedure, drawing both […]

September 22, 2021 Read More →

Solar industry warns tariffs threaten almost 30% of new U.S. capacity

Reuters: A U.S. solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30% of the solar capacity the nation is expected to install over the next two years. The Commerce Department is poised to decide by end-September whether to launch a trade investigation into solar cells […]

September 22, 2021 Read More →

Construction finished on world’s largest floating wind farm project

The Scotland Herald: AN ABERDEEN-based renewables firm has hailed the completion of what is claimed to be the world’s largest floating windfarm. Kincardine Offshore Windfarm Ltd (KOWL) said the milestone also marks the start of the long-term Power Purchase Agreement (PPA) signed in 2018 with Oslo-based Statkraft, which will purchase the electrical output from the […]

September 22, 2021 Read More →
IEEFA Australia: There’s a better way to manage coal closures than paying to delay them
, and

IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

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 […]