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Demand, coal recovers from COVID: IEA

Demand, coal recovers from COVID: IEA

The IEA's latest electricity market report shows the impact of the COVID-19 pandemic, as well as a rebound in electricity demand in some regions. What may come as a surprise is an anticipated increase in coal-fired generation, which is expected to surpass pre-pandemic levels in Asia Pacific over the next two years.

BY Carl Kitchen Jul 29 2021
European Union plans to get “Fit for 55”

European Union plans to get “Fit for 55”

The European Commission unveiled a suite of new environmental policies under its “Fit for 55” legislative package, highlighting the EU’s attempt to meet its 55 per cent net emissions reduction target for 2030. The package includes a range of policies but the carbon border adjustment mechanism - or CBAM - received the most media attention, including within Australia.

BY Rhys Thomas Jul 22 2021
Driving towards EVs: How are we travelling?

Driving towards EVs: How are we travelling?

In its Net Zero by 2050 paper the IEA envisions a world where by 2030 electric cars account for over 60 per cent of car sales, and by 2035, nearly all cars sold globally are electric. AEMO electricity consumption forecasts show where it sees electrification of transport occurring and highlights expected growth in EV usage.

BY Hamish Fitzsimmons Jun 10 2021
IEA: Net-zero by 2050 “narrow but still achievable”

IEA: Net-zero by 2050 “narrow but still achievable”

The IEA’s Roadmap for how the global energy sector can reach net-zero by 2050, warns the window for success is “narrow but still achievable”. It lays down recommendations for the type of policy action that is required if the world is to get there, and its blunt realism is confronting reading.

BY Rhys Thomas Jun 03 2021
Texan energy crisis: Lessons for Australian electricity markets

Texan energy crisis: Lessons for Australian electricity markets

In February Texas endured a winter storm that dragged temperatures well below freezing. Electricity generation plant and gas infrastructure proved unprepared for these temperatures and around a third of the state’s effective capacity went offline for some or all of this period, just as demand was spiking to a new winter record.

Every step counts: China’s marathon journey to become net-zero

Every step counts: China’s marathon journey to become net-zero

In 1971, when asked to assess the influence of the French Revolution, Chinese Premier Zhou Enlai famously remarked that it is ‘too early to say’. So it is not surprising that after President Xi announced China’s aim to be net-zero by 2060, some commentators framed it as ‘the start of a marathon, not a sprint’. But is this assessment fair?

BY Rhys Thomas Apr 01 2021
New US modelling points to solar

New US modelling points to solar

New modelling is behind an assessment that finds renewable generation is likely to account for as much as 60 per cent of new capacity in the US grid in coming decades.

BY AEC Mar 25 2021
Capacity markets: The answer to extreme weather?

Capacity markets: The answer to extreme weather?

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.

BY AEC Mar 04 2021
The best little blackout in Texas

The best little blackout in Texas

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.

BY Carl Kitchen Feb 25 2021
New systems, new risks

New systems, new risks

The shift to an increasingly low-carbon grid will continue to bring major structural changes to electricity systems around the world and, with it, new challenges in managing security on various levels.

BY AEC Nov 05 2020
California dreaming of secure supplies

California dreaming of secure supplies

California has been grappling with a challenge familiar to parts of Australia’s energy market – how to make a seamless transition to a lower carbon grid. In California, as with South Australia in 2016, the transition was put to a stress test by a weather event. In the case of the US state it was a heatwave described as one of the worst in years leading to rolling blackouts.

BY Carl Kitchen Aug 27 2020
Littlechild assessment: Did the UK watchdog get it wrong?

Littlechild assessment: Did the UK watchdog get it wrong?

Energy affordability and the benefits of competitive markets have been under intense scrutiny in recent years. Concerns about affordability led to a major inquiry into the retail market by the UK’s competition regulator.

BY Carl Kitchen Aug 06 2020
Germany’s coal-exit laws part of “unique experiment”

Germany’s coal-exit laws part of “unique experiment”

While the debate on coal-fired power stations has recently re-entered the news cycle in Australia, in Germany the debate formally ended this month with the passing of laws that will see its 84 coal plants close by 2038.

BY Carl Kitchen Jul 30 2020
COVID-19: What impact for Energy Investment Outlook?

COVID-19: What impact for Energy Investment Outlook?

The energy industry that emerges from the COVID-19 pandemic will be significantly different, the International Energy Agency recently warned in its World Energy Investment 2020 report.

BY Justine Lovell Jun 11 2020
Will going offshore work for our grid?

Will going offshore work for our grid?

Recent media reports have flagged the potential development of Australia’s first offshore wind farm, which is being proposed just off Victoria’s Gippsland coast. The proponents, Offshore Energy Pty Ltd, have begun studies into wind and wave conditions to determine the feasibility of their Star of the South wind farm.

BY Carl Kitchen Nov 28 2019
Renewables still dropping in cost, but rate slows: New assessment

Renewables still dropping in cost, but rate slows: New assessment

Lazard’s latest Levelized Cost of Energy Analysis shows that while the cost of renewable energy continues to fall, the rate of this decline is slowing. While technologies like onshore wind and utility-scale solar also remain competitive with the marginal cost of existing conventional generation technologies.

BY Justine Lovell Nov 14 2019
As reliable as clockwork: A debate on NEM supply

As reliable as clockwork: A debate on NEM supply

The question of what reliability standard should be applied to the National Electricity Market re-emerged when the Victorian Government declared that it would raise the issue at the upcoming COAG Energy Council meeting.

BY Carl Kitchen Nov 14 2019
Bills, bankruptcy and blackouts: California’s latest power crisis

Bills, bankruptcy and blackouts: California’s latest power crisis

California has been confronted by three extraordinary, but interconnected crises: Widespread wildfires, financial issues for one of its major electricity suppliers caused by wildfire liabilities, and an unprecedented shut down of power to an estimated 3 million people to avert more financial pain and fire risk.

BY Carl Kitchen Nov 07 2019
Ireland’s new “Integrated Single Electricity Market”: Any lessons for the NEM?

Ireland’s new “Integrated Single Electricity Market”: Any lessons for the NEM?

Ireland’s wholesale electricity market, encompassing both Northern Ireland and the Republic of Ireland, has recently undergone a major reform project that started in 2014 and delivered a new “Integrated Single Electricity Market”, going live in October 2018.

Australia’s big energy experiment

Australia’s big energy experiment

Sarah McNamara, Andrew Dillon and Jemena CEO Frank Tudor represented Australia at the International Electricity Summit in Fukuoka, Japan. It is an invaluable opportunity to understand the challenges occurring in electricity markets globally and to share the Australian experience.

BY AEC & ENA Oct 10 2019
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