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Gas and hydro: Back-up in action

Gas and hydro: Back-up in action

The first quarter of 2021 for the NEM's spot market was notable for its lack of notability. But in a measure of the how the NEM can turn, the Q2 Queensland average price to date is $135.83/MWh, versus $42.64/MWh over Q1. We look at how the market almost always successfully responds to the NEM’s variations, and its reliance on hydro and gas-fired generation to keep the lights on.

BY Ben Skinner & Carol Tran Jun 17 2021
A changing of the guard: Gas generation projections

A changing of the guard: Gas generation projections

The focus around AEMO’s latest assessment of gas supplies for eastern Australia was on its improved outlook. One change in its expectations for gas demand flows from the potential of gas-fired generation in the National Electricity Market. AEMO expects gas-fired generation demand to become more “peaky” and to switch to peaking in winter instead of summer.

BY Carl Kitchen Apr 01 2021
Getting hydrogen on your own supply

Getting hydrogen on your own supply

If you Google “technology roadmap”, in the ‘People also ask’ section there’s a question, “What is the purpose of a technology roadmap?” That seems a good place to start.

BY Hamish Fitzsimmons Sep 24 2020
Gas supply and gas generation put on centre stage

Gas supply and gas generation put on centre stage

Gas supply and gas generation has again taken centre stage with the release of the most recent Australian Energy Statistics, among other reports.

BY Carl Kitchen Jun 04 2020
Gas and wholesale prices: A market at work

Gas and wholesale prices: A market at work

Changes in global oil prices have had a knock-on effect for gas prices in areas. At the same time recent dramatic falls in NEM electricity prices have followed the domestic gas market which has in turn followed the world hydrocarbon market. This demonstrates these markets is working competitively and as expected.

BY Carol Tran Mar 26 2020
Major energy changes go unnoticed

Major energy changes go unnoticed

Amidst the focus on COVID-19 significant developments for the energy sector have passed largely unnoticed. Victoria’s intent to go-it-alone on energy policy was behind the passage of state legislation that allows it to sidestep national electricity rules for transmission developments, while a change to the emergency reserves was released, and gas exploration was opened up in Victoria.

BY AEC Mar 19 2020
Gas in Australia: Where is it now and where is it going?

Gas in Australia: Where is it now and where is it going?

Gas reform has been a focus of government over a number of years. The implementation of the current reform process is now concluding, with most initiatives expected to be in place by mid-2020.

BY Duncan MacKinnon Oct 31 2019
Doubtful Domestic Gas Reservation dissertation

Doubtful Domestic Gas Reservation dissertation

The overseas-based Institute for Energy Economics and Financial Analysis recently published its paper Towards a Domestic Gas Reservation in Australia, alleging that a domestic gas reservation policy fixing existing and future prices at $5/GJ would stimulate the economy and bring down electricity prices. But could it really do all this? We take a look.

BY Duncan MacKinnon Jul 25 2019
EnergyQuest’s East Coast Gas Outlook to 2036

EnergyQuest’s East Coast Gas Outlook to 2036

EnergyQuest's East Coast Gas Outlook warns that LNG import projects are “urgently needed” in Melbourne and Sydney before 2026, to counter the risks of falling short in the southern states by 2022. In turn a supply short fall would impact the contribution of gas-fired generation in our energy mix at a time when an increase in gas generation is forecast to be needed. We take a look at the report findings.

BY Justine Lovell Feb 28 2019
Increased gas and renewables to bump coal generation: EIA

Increased gas and renewables to bump coal generation: EIA

The latest Energy Outlook by the US Energy Information Administrations predicts that the US will become a net energy exporter by 2020 – the first time in 67 years. We take a look at the report which provides modelled projections of domestic energy markets from today through to 2050.

BY Justine Lovell Feb 07 2019
Winter gas prices: Are they cooling down or heating up?

Winter gas prices: Are they cooling down or heating up?

Domestic gas prices continue to be on the political radar with leading analyst EnergyQuest noting that east coast gas producers should prepare for “heavy-handed political intervention”, regardless of who forms the next Federal Government.

BY Carol Tran Sep 20 2018
Taking stock of our energy resources

Taking stock of our energy resources

The most recent stocktake of Australia’s energy resources – the Australian Energy Resource Assessment (AERA) – has been released and offers insight into the extent and diversity of our energy resources. The AERA is produced by Geoscience Australia and the Economics Branch of the Department of the Environment and Energy, with support from the Australian Renewable Energy Agency. It is intended to be a scientific and economic assessment of Australia’s non-renewable and renewable energy resources.

BY Carl Kitchen May 11 2018
NT fracking: Still some way to go

NT fracking: Still some way to go

The development of onshore gas has been in the spotlight again with the Northern Territory Government’s decision to support, or support in principle, all the recommendations that emerged from the scientific inquiry it established on 3 December 2016 shortly after taking office.

BY Carl Kitchen Apr 26 2018
NEM generation: Stepping on the gas?

NEM generation: Stepping on the gas?

Output from gas-fired power stations in the National Electricity Market increased by 32.3 per cent during 2017.

BY Carol Tran & Carl Kitchen Mar 02 2018
Gas and electricity bills: What's the story?

Gas and electricity bills: What's the story?

The energy debate in Australia continues to be hampered by ideological or partisan positions. This week a new report by the McKell Institute, “The Cost of Inaction”, that purported to model for the first time the impact of wholesale gas prices on household power bills in New South Wales, Victoria and Queensland was released.

BY Carl Kitchen Feb 09 2018
Domestic gas, exports and market mechanisms

Domestic gas, exports and market mechanisms

In 2015 Australia became the world’s second largest exporter of liquefied natural gas (LNG). Australia is tipped to reach the number one spot by 2020, surpassing Qatar, which has been the world’s largest LNG exporter for almost a decade.

BY Justine Lovell Nov 03 2017
Switching on to gas competition

Switching on to gas competition

Competition in retail gas markets continues to evolve where different price deals allow customers to compare and choose the right plan to meet their consumption and energy management.

BY Carol Tran Oct 20 2017
Unconventional gas: On new ground or just going over the same old ground?

Unconventional gas: On new ground or just going over the same old ground?

The potential of shale gas deposits in the Northern Territory was highlighted last week with media reports suggesting that Origin Energy was sitting on a gas “bonanza” at the Beetaloo Sub-basin that could ease pressure on the east coast gas market.

BY Carl Kitchen Jul 28 2017
The Finkel Review: What about WA?

The Finkel Review: What about WA?

While the Finkel Review was focused on the future security of the NEM it did suggest that the West Australian government consider adopting the Panel’s recommendations. So what are some of the implications if applied to WA’s South West Interconnected System?

BY Duncan MacKinnon Jul 07 2017
Competition and sunshine: A WA update

Competition and sunshine: A WA update

Energy has been front and centre in Western Australia. In particular, the new West Australian Labor Government has signaled its interest in increasing competition in its retail electricity market by making it fully contestable. At present small customers, such as households, have to buy their power from state-owned Synergy. West Australian consumers continue to be active in the solar space, with household solar growth rates in Western Australia the fastest growing across Australia in recent months.

BY Panos Priftakis May 25 2017
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