Responding to the construction of a new 622 km-long Northern Gas Pipeline owned by private business Jemena, Bruce Robertson, Gas/LNG Australasia analyst for the Institute for Energy Economics and Financial Analysis (IEEFA) said:
“Another privately owned pipeline in Australia will only fuel the gas price crisis, not lesson it as the majority of such pipelines are not subject to any pricing regulation and are hideously profitable.
New analysis from the Institute of Energy Economics and Financial Analysis (IEEFA) shows that the Hume Coal project in the Southern Highlands of New South Wales will find it hard to compete with higher-quality coking coal mines in the region.
Commenting on the increase in electricity prices by up to 20% on July 1, Bruce Robertson, Gas/LNG Australasia analyst for the Institute for Energy Economics and Financial Analysis said: “Australians need answers for why gas prices have fallen globally in recent years while here they have risen to levels above the north Asian market, the most expensive market for gas.
16 June 2017: Planned moves by the Queensland Government on solar, battery storage and feed-in tariffs (FiT) will limit battery uptake and yet again tamper with the growth of this vital industry,according to Solar Citizens.
The proposal indicates an intention to restrict solar owners who are part of the Solar Bonus Scheme from installing batteries. If solar owners do choose to install a battery they will lose their premium feed-in tariff.
“This move puts solar owners between a rock and a hard place if they want to add storage to their solar system,” said Shani Tager, Senior Solar Campaigner, Solar Citizens.
Commenting on reports that Energy Minister Piyush Goyal said India would be forced to keep importing coal, including from the proposed Carmichael mine in Queensland, Tim Buckley, Director of Energy Finance Studies Australasia at IEEFA said:
Some Indian power plants may have been designed to run on foreign coal, but they can no longer afford to do so. This can be seen by the economics of Adani Power’s 4.6GW Mundra import coal-fired power plant and Tata Power’s 4.0GW Mundra plant, both of which are no longer competitive.
The Paris Agreement calls for countries to adopt measures which, collectively, will hold global warming well below 2° and limit this to 1.5°C. The Finkel Review has specifically dealt with the question of the Australian electricity sector transformation and emissions within the context of the Paris Agreement.
Commenting on reports that the Carmichael mine has been given the final go ahead from the Adani’s Indian Parent, Adani Enterprises Ltd Tim Buckley, Director of Energy Finance Studies, Australasia for IEEFA said:
5th June, 2017: Queensland, the Australian state with the lowest uptake of renewable energy in the country, has today announced significant changes to put it on the path to a renewable energy future.
“Today we have seen the first real policy response arising from the Queensland Renewable Energy Expert Panel’s report and while we’re still working through the detail there are some welcome signals in relation to supporting solar energy,” said Shani Tager, Senior Solar Campaigner at Solar Citizens.
“Solar Citizens have been campaigning for some time for governments to have a plan for our energy future, so we can hit 100% clean, renewable energy as soon and as cheaply as possible.
“There is no such plan Federally so we recognise the fact that the Queensland Government is actually enacting a ‘Queensland Power Plan’ – we hope the Federal Government might see the sunlight and do its bit now, but given recent efforts of our leaders it is hard to see they will see the light.
Commenting on President Donald Trump’s decision to pull the United States out of the Paris agreement, Tim Buckley, Director of Energy Finance Studies Australasia at Institute for Energy Economics and Financial Analysis (IEEFA) said: “The Paris Climate Agreement is a critical historic milestone, and the result has been an acceleration in investment activity, renewable cost deflation and technology development that has reached critical mass.