The fallout from the Texas blackouts has continued with the question of system reliability front and centre and, along with it, whether a mechanism like a capacity market could have led to a different outcome. We take a look at the US experience along with some of the issues it raises.
Disruption is one of the cornerstones of the success of Andrew Forrest’s Fortescue Metals Group. FMG’s ability to get things done in the face of seemingly insurmountable barriers can be illustrated no more vividly than when BHP and Rio Tinto sought to prevent the then start up iron ore miner from accessing its rail lines in the Pilbara. FMG built its own and outdid its rivals by extending those lines to Perth. Now FMG wants to apply the same zeal to energy and green steel.
They say everything’s bigger in Texas. The major power outages from which it is just emerging, were triggered by a polar vortex and impacted around 4.5 million customers. There's been plenty of finger pointing with intermittent renewables being blamed, questions raised about Texas’s go-it-alone attitude and claims of poor preparations stemming from a deregulated energy market.
The fourth quarter of 2020 saw the NEM reach lowest average demand since Q4 2001 – with SA and Victoria’s spot prices hitting record lows. Are customers benefiting from the price suppression effects of renewable energy generation? Or is the market telling us a different story?
The Australian Energy Council congratulates Daniel Westerman on his appointment as CEO and Managing Director of the Australian Energy Market Operator.
Latest data from the Clean Energy Regulator shows that 2020 was another record breaking year for rooftop solar in Australia despite the coronavirus pandemic. Our latest Solar Report updates data on solar rooftop systems across the nation, and takes a look at the lowest electricity demand days.
Australia's total installed rooftop solar capacity reached 12.2 GW at the end of the third quarter. This report looks at the state of solar across the nation, how COVID-19 has impacted solar installation rates, and WA's recent Whole of System Plan.
Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.