EV rollout threat to power grid

Original article by Ben Packham
The Australian – Page: 4 : 5-Apr-19

Energy Networks Australia has used a submission to a Senate inquiry to warn that the nation’s electricity grid may not be equipped to cope with the growing use of electric vehicles. The peak energy network body argued that incentives will be necessary to encourage consumers to recharge their electric cars during off-peak periods. Labor recently announced that it will require electric vehicles to account for 50 per cent of new car sales by 2030 if it wins the upcoming federal election.

CORPORATES
ENERGY NETWORKS AUSTRALIA, AUSTRALIAN LABOR PARTY, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. DEPT OF THE TREASURY

Gen-tailer’s 24pc profit lift too high: Taylor

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 22 : 26-Feb-19

EnergyAustralia has posted a 2018 net profit of $566m, which is 24 per cent higher than previously. The result was boosted by higher wholesale electricity prices, while parent company CLP Group says EnergyAustralia’s return on invested capital rose to 10.7 per cent, compared with just 3.3 per cent in 2014. Federal Energy Minister Angus Taylor has responded to strong earnings growth in the electricity sector by again urging generator-retailers to provide price relief for customers.

CORPORATES
ENERGYAUSTRALIA PTY LTD, CLP GROUP, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ORIGIN ENERGY LIMITED – ASX ORG, AGL ENERGY LIMITED – ASX AGL

Taylor blasts AGL’s high prices

Original article by Perry Williams
The Australian – Page: 17 & 27 : 8-Feb-19

Energy Minister Angus Taylor contends that Australians should be irate by AGL’s announcement that it has made a $537 million interim net profit. He claims that AGL and other energy companies are making big profits at a time when consumers and businesses are struggling with high power prices. Taylor has also stated that comments by energy companies that the federal government’s "big stick" legislation is deterring investment is false, noting that investment in the sector will exceed $25 billion over the three years to 2020.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ALINTA ENERGY (AUSTRALIA) PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG

Households may have to pay more to ease power crunches

Original article by Ben Potter, Angela Macdonald-Smith
The Australian Financial Review – Page: 10 : 29-Jan-19

The Grattan Institute’s energy program director Tony Wood has cautioned against an overreaction to the recent rolling power blackouts that impacted South Australia and Victoria. Charging consumers more to use air conditioners during extreme heat has been put forward as one solution to the problem of matching demand with supply during such weather conditions, as has simplifying the regulatory test for new transmission links.

CORPORATES
GRATTAN INSTITUTE, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, TRANSGRID, SPARK INFRASTRUCTURE GROUP – ASX SKI, ENERGYAUSTRALIA PTY LTD, SCHNEIDER AUSTRALIA

Heatwave triggers AEMO reserve shortfall warning

Original article by Tim Boyd
The Australian Financial Review – Page: 4 : 15-Jan-19

A heatwave in Victoria has prompted the Australian Energy Market Operator to issue a reserve warning, amid fears that the state could be hit by blackouts. Energy experts state that the reserve warning is a signal from AEMO to the electricity market that it is seeking more capacity, and is not necessarily a cause for alarm. EnergyAustralia has stated that it has around 20 megawatts of capacity in Victoria that can be activated at times of high demand. Northern parts of Victoria have been subject to very high temperatures in recent days.

CORPORATES
AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, ENERGYAUSTRALIA PTY LTD, AGL ENERGY LIMITED – ASX AGL, AUSTRALIA. BUREAU OF METEOROLOGY, ORIGIN ENERGY LIMITED – ASX ORG

Policy vacuum won’t stop green power: energy chief

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 16 : 11-Jan-19

Wind turbine supplier Vestas Australia enjoyed a record year for orders in 2018, with over one gigawatt of wind turbines ordered in total. Peter Cowling, the head of Vestas Australia, predicts that the renewable energy sector will "muddle through" the lack of federal policy on climate and energy, due to the desire by companies to purchase clean power and the "cost competiveness" of solar and wind energy. Cowling says state governments’ renewable energy programs are helping to make up for a lack of federal policy.

CORPORATES
VESTAS – AUSTRALIAN WIND TECHNOLOGY PTY LTD

Goal of 50pc renewables by 2030 on track

Original article by Ben Potter
The Australian Financial Review – Page: 13 : 30-Nov-18

Green Energy Markets says renewable sources are likely to account for 50 per cent of Australia’s energy supply by 2030. The energy consultancy estimates that renewables could account for 78 per cent of the nation’s energy mix by 2030 if the current take-up rate of rooftop solar panels and investment in wind and solar farms is sustained. A recent report from the United Nations concluded that Australia and another seven G20 countries will not meet their 2030 renewable energy targets.

CORPORATES
GREEN ENERGY MARKETS PTY LTD, UNITED NATIONS, GROUP OF TWENTY (G-20), AUSTRALIAN LABOR PARTY, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

AGL could face savage hit to earnings

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 6 : 25-Oct-18

Morgan Stanley estimates that the federal government’s proposed measures to reduce electricity prices could potentially slash the 2020 EBITDA of AGL Energy and Origin Energy by up to $361m and $426m respectively. Matthew Blumberg of Hayberry Global Fund adds that government intervention in the electricity sector could in fact result in reduced competition and enable the major players to increase their market share.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, HAYBERRY GLOBAL FUND, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ENERGYAUSTRALIA PTY LTD, CLP HOLDINGS LIMITED, CITIGROUP INCORPORATED, AUSTRALIAN ENERGY REGULATOR

State-owned Synergy is most trusted energy company

Original article by Roy Morgan
Market Research Update – Page: Online : 22-Oct-18

The latest Roy Morgan Net Trust Score survey for the energy sector shows that Western Australian government-owned Synergy is Australia’s most trusted energy company. It has the highest "net trust score" (NTS) of any provider, based on Roy Morgan data for August. The data shows that many of the larger, private-sector energy providers have high levels of trust among some consumers, but once other consumers’ distrust of them is taken into account their net trust score can be low. The most recent survey shows that two of the three largest energy suppliers, AGL and EnergyAustralia, had high levels of trust, but even higher levels of distrust among the energy consumers surveyed – putting them in the "top five" of low NTS scores. Origin Energy was the only one of the big three energy companies to record a positive NTS.

CORPORATES
ROY MORGAN LIMITED, SYNERGY, AGL ENERGY LIMITED – ASX AGL, ENERGYAUSTRALIA PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG

Greens call for government energy retailer

Original article by Andrew Tillett
The Australian Financial Review – Page: 9 : 26-Sep-18

The Australian Greens will propose increased government intervention in the electricity market to put downward pressure on prices, including the creation of a publicly-owned electricity retailer. Greens leader Richard Di Natale estimates that a taxpayer-funded electricity retailer could be established at cost of just $85m, while using it could save consumers around $200 a year on power costs. Di Natale will also advocate greater government intervention in other sectors in a National Press Club speech on 26 September.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, NATIONAL PRESS CLUB (AUSTRALIA), SNOWY HYDRO LIMITED, RED ENERGY PTY LTD, LUMO ENERGY AUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION