Renewables well short of the electricity target

Original article by Adam Creighton
The Australian – Page: 2 : 12-Jul-19

Tony Wood from the Grattan Institute expects Australia’s Renewable Energy Target of 33GWh by 2020 to be met, despite the release of data showing that solar and wind power accounted for just 15 gigawatt hours of total electricity generation in 2018-19. Wood notes that uncertainty surrounding the RET has caused investment in renewables to be delayed, but he says separate data shows that such investment in renewables is slated to increase during 2019-20.

CORPORATES
GRATTAN INSTITUTE, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN ENERGY REGULATOR, AUSTRALIAN ENERGY COUNCIL

ACCC has no power to break up AGL

Original article by Ben Potter
The Australian Financial Review – Page: 10 : 24-May-18

AGL Energy’s market power has come under scrutiny in the wake of its refusal to back down on plans to shut down the Liddell coal-fired power station in 2022. However, former Australian Competition & Consumer Commission chairman Allan Fels says neither the competition regulator or the federal government have the power to force a company to sell assets or take action to reduce its market share. Fels says there may be a case for adding divestiture powers to section 46 of the Competition and Consumer Act, although the Harper review in 2015 rejected this in favour of an "effects test".

CORPORATES
AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, ORIGIN ENERGY ASSET MANAGEMENT LIMITED, ENGIE SA, ENERGYAUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, DELOITTE ACCESS ECONOMICS PTY LTD

PM’s new baseload plan

Original article by Phillip Coorey, Ben Potter
The Australian Financial Review – Page: 1 & 4 : 13-Sep-17

The Federal Government has advised that its energy policy will have a focus on affordable and reliable baseload electric power generation, rather than a clean energy target. Prime Minister Malcolm Turnbull has indicated that Australia could meet its 2030 emissions reductions targets while retaining coal as part of the energy mix. He also says AGL Energy’s plan to replace the 1,000 megawatts of baseload generation of its Liddell power station cannot include renewable energy, arguing that they are not baseload. AGL has been given 90 days to develop a plan to replace the ageing power station’s output.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AGL ENERGY LIMITED – ASX AGL, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY

Old power stations drive blackout risk

Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 12-Jan-15

It is estimated that Australia’s National Energy Market has about 9,000 megawatts of electricity that is surplus to demand. However, Industry Minister Ian Macfarlane says the Federal Government does not intend to pay power companies to shut down older power stations, arguing that the issue needs to be addressed by the market. AGL Energy chairman Jeremy Maycock has previously raised concerns that power blackouts may become more frequent as companies are continuing to operate older power stations

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIAN ENERGY REGULATOR