October Energy Executive Summary updates on Vic SEC proposal and Qld Job and Energy Plan

Cornwall Insight Australia’s ‘Energy executive summary’ provides a high-level assessment of key energy market announcements from the last month. Our experts break down each development that you and your business should be aware of so you can respond to changes in the perpetually evolving energy sector. Each summary provides you with a timely update on regulation, policy, and market changes.

There was big news out of Victoria recently following a proposal to resurrect the State Electricity Commission. This follows Queensland’s Job and Energy Plan unveiling to achieve 80% renewable energy in that state by 2035.

Cornwall Insight Australia explores these topics in our October Energy Executive Summary.  The summary contains a succinct analysis of the top market, industry, and regulatory news for the month – a ‘cheat sheet’ for industry participants and investors who need to follow the market but don’t have a lot of time.

You can request a complimentary copy of this latest subscription report:

Free trial
Commercial and market outlook Regulation and policy

Related thinking

Announcement

Latest FCAS price curves Q1 2024

Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q1 2024. The new Very Fast FCAS markets have 3 more months in the books, and as they settle into a reasonably stable quarter, clearer trends have emerged. This release, we re-calibrate our FCAS market curve...

Announcement

Offshore wind now appears in latest ISP

The ISP also forecasts that greater flexible gas generation is needed From Cornwall Insight Australia's Energy Market Alerts service Offshore wind officially appears in the draft 2024 ISP due to state-based offshore wind targets. Figure 1 below from our latest Energy Market Alert, shows the variance in forecast generation between...

Announcement

Capacity Investment Scheme boosted from 6GW to 32GW

From Cornwall Insight Australia's Energy Market Alerts service Last Friday, the Commonwealth announced a major boost to the Capacity Investment Scheme, with the scheme now expected to deliver 32GW (combination of 9GW firming capacity and 23GW renewable generation) – up from 6GW. Cornwall Insight Australia has released an Energy Market...

Announcement

What are Australia’s emissions reduction targets?

From Cornwall Insight Australia's Energy Market Alerts service Energy laws have now been amended to incorporate an emissions reduction objective alongside the other objectives. The list of targets that the market bodies will need to consider is listed in a separately published Targets Statement. The targets currently listed cover both...

Announcement

Energy prices tumble in October

From Cornwall Insight Australia’s NEM Market Analysis report With over 700 GWh of rooftop PV added to the NEM since October last year, records were again set in NEM minimum demands along with a high instantaneous renewable penetration within the grid of 71.4%. Once again, the month’s main story was...

Announcement

Emissions intensity drops for October 2023

From Cornwall Insight Australia’s NEM Market Analysis report This October saw a 12.6% reduction in total emissions (accounting for -1.18 Mt CO2-e reduction) as solar and wind generation has increased significantly. The reduction in emissions may continue with the arrival of Fly Creek and Rye Park wind farms expected soon...

Announcement

Latest Marginal Loss Factor (MLF) forecasts

Cornwall Insight Australia recently launched our Marginal loss factor (MLF) curve subscription insight service. The MLF curve provides future projections of MLF throughout the NEM, allowing clients to be better informed of likely MLF trajectories for both current projects and be able to benchmark MLFs for projects under development. The...

Announcement

2022/23 Australian energy insights report

Analytics on key current developments in the Australian energy industry Cornwall Insight Australia has released its latest compilation of Australian energy insights, charts, and analyses. The report includes the topics of energy storage and flexibility, generation (all technologies), power prices, low carbon generation, FCAS, policy and regulation, electric vehicles, and...