The Australian Energy Market Commission (AEMC) has released a draft rule which would allow large energy consumers, such as energy thirsty manufacturers, to sell back unneeded demand to the wholesale energy market. According to the AEMC this means that energy aggregators will be able to compete with energy retailers to reduce the wholesale price of … Continue reading AEMC proposes that manufacturers be able to sell energy demand
Across south east Queensland, New South Wales and South Australia, new rules apply to electricity providers that the Australian Competition and Consumer Commission (ACCC) hopes will benefit energy consumers. For manufacturers who have seen electricity prices eat into their cost margins, the new rules seek to standardise the prices that are offered by electricity retailers. … Continue reading New electricity rules seek to reduce power prices
Investing in a generator can help protect operations from severe losses in the event of a power outage. CAPS Australia explains. However, there is no ‘one size fits all’ solution when it comes to sourcing a generator, as choosing the right one will depend on individual business’ needs. Mike Brophy, who is the Product Manager … Continue reading How to source the best generator for a business
Fifteen companies from Victoria and South Australia have been named as recipients of nearly $19 million worth of grants under the second and final phase of the government’s Advanced Manufacturing Growth Fund. Recipients of the grants include BNNT Technology, which will receive a $1.4 million grant to help produce its boron nitride nanotubes on an … Continue reading Fifteen manufacturing businesses to share $19m in government funding
The Council of Australian Governments (COAG) Energy Council, comprising state and territory energy ministers, headed by Federal Energy Minister Josh Frydenberg, is meeting today to decide whether the proposed National Energy Guarantee (NEG) proceeds to a final policy design in August or not. Proposed by the Energy Security Board in October 2017, the National Energy Guarantee looks to encourage new investment … Continue reading COAG to decide final direction of NEG today
Victorian manufacturer Coringle Furniture is taking advantage of government funding to combat the 60 per cent price increase on its electricity bill. With energy dominating so much of their operational expenditure, director Michael Morton posed the question: What would my energy consumption look like after a solar system was installed? He has since been able to … Continue reading VIC manufacturer cutting power bills with Choice Energy
Flow Power and Ararat Wind Farm has signed Australia’s first ever large-scale Renewable Corporate Power Purchase Agreement (PPA); a deal that secures long-term, low-cost renewable energy for Australian businesses. Renewable PPAs are part of corporate energy strategies of companies like Google, Amazon and Facebook recognising the fact that they offer both long term price security and are … Continue reading Flow Power, Ararat sign Australia’s first Renewable Corporate PPA
Utilities, including electricity, gas, nuclear power and water treatment, are the most critical industries in the world according to a new report from Vertiv, formerly Emerson Network Power. In Ranking the World’s Most Critical Industries, Vertiv convened a panel of global critical infrastructure experts to systematically quantify and rank the criticality of multiple industries based on … Continue reading World’s most critical industries ranked
Tesla will build the world’s biggest lithium ion battery, to be installed at a wind farm in South Australia before the end of the year. The successful tender was announced as a partnership between Tesla and French renewable energy company Neoen, for the 100MW/129MWh battery at Neoen’s Hornsdale Wind Farm in Adelaide’s Mid North. Tesla CEO Elon … Continue reading Tesla building world’s biggest battery in SA
From July 1, South Australia will surpass Denmark as having the most expensive power in the world. Energy companies AGL, EnergyAustralia and Origin Energy will all be increasing their electricity prices this Saturday. On average, AGL will be increasing its prices by 18 per cent, EnergyAustralia by 19.9 per cent, and Origin Energy by 16.1 … Continue reading SA power prices to become world’s most expensive
Australia’s biggest manufacturer, steel giant BlueScope, has controversially backed a clean energy target for the energy sector. It is unreasonable to favour the provision of affordable and reliable energy over reducing carbon emissions, according to BlueScope chief executive Paul O’Malley. Therefore, he has called for politicians to get behind a clean energy target as a … Continue reading Australia’s biggest manufacturer backs clean energy target
AGL has announced plans to invest $295 million to develop a 210mW gas-fired power station alongside the company’s Torrens Island plant, near Adelaide. Construction of the Barker Inlet power station is scheduled to begin later this year, with full operation expected to be underway in early 2019. “Our decision to move ahead with this development reflects … Continue reading AGL announces development of $295m gas-fired power station
Telstra has reportedly seen its power costs increase by $100 million in the past year, with a senior executive calling on Industry Minister Arthur Sinodinos for urgent action to address Australia’s energy crisis. This follows a recent decision by the Federal Court to increase NSW electricity prices by $3 billion over the next few years, on … Continue reading Telstra’s power costs up $100m; company calls for price correction
The Turnbull Government, through the Australian Renewable Energy Agency (ARENA), has taken the next step in the development of a solar thermal plant at Port Augusta in South Australia. ARENA has requested information from prospective industry participants on the costs and benefits of Concentrated Solar Thermal (CST). This information will help ARENA and the Clean Energy … Continue reading Next step taken in solar thermal development
A University of Adelaide (UoA) researcher is proposing Australia use a “climate sharing system” to help solve the current power crisis. The architect of the system, Professor Mike Young, is Professor of Environmental and Water Policy with UoA’s Centre for Global Food and Resources. He played a leading role in creating Australia’s water sharing system, … Continue reading Climate sharing system could end Australia’s power crisis
From July this year, there will be a significant increase in wholesale electricity prices for NSW. This has sparked fears that the cost of doing business in the state will be so high that manufacturers will be forced out. While NSW wholesale electricity prices were stable for a number of years, prices have increased by … Continue reading Rising wholesale electricity prices will threaten NSW businesses
The Australian Energy Market Operator (AEMO) has warned that Victoria could face 72 days of power supply shortfalls over the next two years, following the shutdown of the Hazelwood plant next week. According to AEMO, the shutdown of the Hazelwood plant, which supplies up to a quarter of Victoria’s power, could lead to breaches of … Continue reading Victoria warned of 72 days of potential blackouts
No final decision to shut the La Trobe Valley’s Hazelwood power plant, energy minister Josh Frydenberg has insisted today, as reports continue that its French majority owner is set to close the site by April if a buyer doesn’t come forward.
Full production is expected to return at Arrium’s Whyalla steelworks tomorrow, following the September 28 South Australian blackout.
Power has been urgently restored at Arrium’s Whyalla site, minimising what was expected to be a loss of up to $30 million, following last week’s South Australian blackout.