Commentary On June 30, the Australian Energy Market Operator (AEMO) released its latest integrated system plan (ISP) for the East Coast Energy Market. It could not have come at a more significant cross-road for Australia’s energy industry—at the end of a month in which electricity and gas spot markets were subject to price caps, then…
Net-Zero Push Limited by Battery Storage
July 5, 2022
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AEMOAsia & PacificAustraliaAustralian Energy Market OperatorBusiness & MarketsChris Boweneconomyenergy storageInternationalNick KastelsteinTechTech NewsWorld
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Advocates for a rapid transition to net-zero have not explained the real limitations of battery storage supposed to underpin the viability of the net-zero push, according to an industry engineer. Nick Kastelstein, a senior mechanical engineer at GPA Engineering, says media coverage has also failed to inform the public about the true nature of Australia’s…
Battery Storage a Barrier to Net-Zero Push: Engineer
July 5, 2022
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AEMOAsia & PacificAustraliaAustralian Energy Market OperatorBusiness & MarketsChris Boweneconomyenergy storageInternationalNick KastelsteinTechTech NewsWorld
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Advocates for a rapid transition to net-zero have not explained the real limitations of battery storage supposed to underpin the viability of the net-zero push, according to an industry engineer. Nick Kastelstein, a senior mechanical engineer at GPA Engineering, says media coverage has also failed to inform the public about the true nature of Australia’s…
Australian Energy Crisis: Government Needs to Talk to Gas Companies Not Itself, Nationals Leader Says
Nationals Leader David Littleproud said the Labor government currently needed to work with gas companies to address the emerging energy crisis but that it had torn down relationships with the energy sector over the years. Southeastern states are currently experiencing a gas supply shortage, with demand spiking as a cold front moves through and coal-fired…
Australian Wholesale Electricity Prices More Than Doubled Over the Year
Australian households and businesses are faced with another cost of living pressure, with wholesale electricity prices revealed to have more than doubled over the last year. The Australian Energy Market Operator revealed in its latest quarterly energy dynamics report that electricity spot prices had soared 141 percent over the year to the 2022 March quarter…
Australia Could See Coal Retire Three Times Faster Than Anticipated
Analysis Australia’s accelerating transition to more renewable energy and commitment to reach net-zero emissions by 2050 could see coal power retire three times faster than originally expected. This is the determination made by the Australian Energy Market Operator (AEMO) under its future energy “step change” model, which it argues is the most likely scenario for…
Western Australia Needs New Gas to Address Impending Shortfall: Market Operator
Western Australia (WA) will need to start developing new sources of gas very soon to avoid a deficit in the next few years, Australia’s energy monitor has said. Meanwhile, similar concerns are brewing nationwide. The Australian Energy Market Operator’s (AEMO) annual gas outlook for WA has projected a gap in supply between 2025 and 2027,…
South Australia’s $1 Billion Energy Deal Builds on Gas-Fired Recovery
April 19, 2021
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AEMOAustraliaClimate CouncilCSIROenergyGasGas-Fired RecoveryPrime Minister Scott MorrisonSouth AustraliaWorld
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The South Australian and Federal governments have signed an AU$1.08 billion (US$834 million) agreement to provide South Australians with reliable and affordable energy while maintaining emission reduction targets. The deal involves a $100 million energy grid interconnector between South Australia and New South Wales and an investment of $510 million for emissions reduction projects such…
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