Australia

  • Regulation and policy

    Calm after the storm although transition begins to lag | 2023 year in review

    This year saw a return to relative calmness after the energy shocks of last year, while governments are playing an increasing role as the rate of new renewable generation lags. Spot pricing was subdued compared to last year, with no significant unexpected outages that caused sustained price spikes. Higher levels...

  • 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

    Very Fast FCAS markets in the NEM

    Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q4 2023. The two new Very Fast FCAS markets have begun, and with this report, Cornwall Insight Australia explores how they’re evolving and what the future outlook of these markets holds. Detailing a full 20-year interval...

  • Commercial and market outlook

    Latest Benchmark power curve insight

    Cornwall Insight Australia has released our latest NEM Benchmark power curve (NEM BPC) for Q4 2023 to our subscribers. Our latest edition includes Marinus Link, ESSO constraints and other updates. We have released a free excerpt, which you can access below.The Federal Government has announced a partnership with the Marinus Link...

  • Announcement

    New South Wales REZ outlook

    From Cornwall Insight Australia's Energy Market Perspective Our quarterly Energy Market Perspective contains an analysis of indicative capacity at REZ zones throughout the NEM.  The following assessment for NSW is from our latest edition. Request Energy Market Perspective call back The strategic development of Renewable Energy Zones (REZs) in New...

  • 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

    Latest FCAS Q3 price forecast released

    Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q3 2023 on 21 September 2023. Available to download is an excerpt reporting the headlining power price trends from the FCAS insight service. NEM FCAS markets in Q1 and Q2 of 2023 saw lower overall costs,...

  • Commercial and market outlook

    NEM power price trends | Q3 2023

    Cornwall Insight Australia has released our latest NEM Benchmark power curve (BPC) for Q3 2023 to our insight service subscribers. We have released a free excerpt, which you can access below. The future of the energy transition requires substantial new generation, which means increasing the size of the skilled workforce, speeding...

  • Announcement

    FCAS Q2 price forecast released

    Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q2 2023 on 18 July 2023. Available to download is an excerpt reporting the headlining power price trends from the FCAS insight service. We hope this information is of value-add to you and your business. If...

  • 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...

  • Commercial and market outlook

    NEM power price trends – Part II

    In a follow-up to the latest release of Cornwall Insight Australia's NEM Benchmark power curve (BPC) for Q2 2023 to our insight service subscribers, part II is now available of the BPC free excerpt, which you can access below.Highlights Discordant Delivery scenario - Our new high scenario which models a transition...

  • Commercial and market outlook

    NEM power price trends – Part I

    Cornwall Insight Australia has released our latest NEM Benchmark power curve (BPC) for Q2 2023 to our insight service subscribers. We have released a free excerpt, which you can access below.Highlights Victorian offshore wind target Queensland pumped hydro Cornwall Insight Australia has changed the basis for our high case to reflect a...

  • Regulation and policy

    Australian policy and regulation update

    Strategic overview: The course of Australian energy policy and regulation would inevitably alter following the change in Federal Government in May last year. Since then, the state and Federal governments have become aligned on energy policy, largely removing energy as a perennial football in Australian politics. The alignment manifests in...

  • Regulation and policy

    Free Energy market alert | Last night’s Federal budget

    The Federal Budget released yesterday (9 May 2023) is the first full-year budget from the new Labor Federal Government. Like the mini-budget released last October, the budget signals the new Government’s intertwining climate change and energy ambitions. Cornwall Insight Australia has released a concise Energy Market Alert on the budget,...

  • Announcement

    Latest FCAS price forecast released

    Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q1 2023, published on 8 May 2023. Available to download is an excerpt reporting the headlining power price trends from the FCAS insight service. We hope this information is of value-add to you and your business....

  • Commercial and market outlook

    NEM power price trends

    This report excerpt provides captured power price trends using outputs from Cornwall Insight Australia’s latest NEM Benchmark Power Curve (BPC), published on 14 April 2023, with additional commentary on the headlines and trends from the quarterly update. We hope this information is of value-add to you and your business. Please...

  • Announcement

    FCAS power price trends

    This report provides power price trends using outputs from Cornwall Insight Australia’s latest Frequency Control Ancillary Service (FCAS) price curves, published on 28 February 2023. We hope this information is of value-add to you and your business. Cornwall Insight Australia's next FCAS price curve is due out next month. If...

  • Commercial and market outlook

    NEM power price trends

    This report provides captured power price trends for the Queensland energy market (neutral case in line with AEMO's ISP Progressive Change scenario) from 2022 up to 2041 using outputs from Cornwall Insight Australia’s latest NEM Benchmark Power Curve (BPC), published on 18 December 2022. With additional commentary on the key...

  • Regulation and policy

    Global shocks but energy transition powers ahead – 2022 year in review

    It goes without saying that 2022 has been a tumultuous year for energy worldwide, and Australia was no exception. The unprecedented suspension of the NEM in June 2022 exposed fragility in Australia’s energy market, which could not withstand the shock of high energy commodity prices caused by the Russian invasion...

  • Commercial and market outlook

    Australian Power Price Trends to 2041

    This report provides captured power price trends for the Queensland energy market (neutral case in line with AEMO's ISP Progressive Change scenario) from 2022 up to 2041 using outputs from Cornwall Insight Australia’s latest NEM Benchmark Power Curve (BPC), published on 26 October 2022. We hope this information is of...

  • Announcement

    Australian FCAS power price trends

    This report provides power price trends for the technology enablement as a percentage of total market share, using outputs from Cornwall Insight Australia’s latest Frequency Control Ancillary Service (FCAS) price curves, published on 30 August 2022. We hope this information is of value-add to you and your business. Please don't...

  • Announcement

    2021/22 Australian energy insights report

    Analytics on key current developments in the Australian energy industry are available Cornwall Insight Australia has released a 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, and transmission...

  • Announcement

    It’s time to choose the Australian Chart of the week of the year!

    Each week, the Cornwall Insight Australia team of experts provide complimentary insight on the Australian energy sector through our 'Chart of the week' publication. Four Chart of the week finalists have been selected and we need your help to vote for the Australian Chart of the year winner. By voting...

  • Energy storage and flexibility

    Cornwall Insight Australia develops 5-minute model for Benchmark Power Curve

    Cornwall Insight Australia has developed a 5-minute model for their Benchmark Power Curve (BPC), improving the granularity of their price forecasts from 30 minutes to 5 minutes dispatch for the first five years of the 30-year forecast. Cornwall Insight Australia’s BPC helps market participants understand trends in future prices and...

  • Announcement

    FCAS price curves extended to meeting increasing battery asset technical life

    Research from Cornwall Insight Australia shows that the pipeline of proposed storage projects is growing substantially to over 26GW of announced projects in the market and that the expected technical lifetime of those assets is increasing. As a result, Cornwall Insight Australia has announced an increase in its Frequency Control...

  • Announcement

    Cornwall Insight Australia’s Alba Ruiz Leon features in KPMG 30 Voices on 2030

    Alba Ruiz Leon, Managing Director of Cornwall Insight Australia, an award-winning international firm delivering comprehensive insight that enables businesses, markets, and policymakers to succeed in the net zero transition, features in KPMG’s 30 Voices on 2030 – The Future of Energy report. Cornwall Insight is a pre-eminent provider of energy...