News

  • The Australian Government announced on 11 August 2015 it will reduce greenhouse gas emissions to 26–28 per cent below 2005 levels by 2030. The Government says the target is a step up from Australia’s current target to reduce emissions to five per cent below 2000 levels by 2020.

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  • On 13 August 2015, the Australian Energy Market Operator released its 2015 Electricity Statement of Opportunities reporting that in the past 12 months, industry has announced that it intends to withdraw approximately 4,550 megawatts (MW) of generation capacity across the National Electricity Market over the next ten years.

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  • The Australian Competition Tribunal on 17 July 2015 granted leave to Ausgrid, Endeavour Energy and Essential Energy to apply for a review of the decisions handed down by the Australian Energy Regulator in its April 2015 final determinations on network charges.

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  • The Australian Energy Market Commission, on 6 August 2015 released a wholesale gas markets discussion paper for consultation as part of the East Coast Wholesale Gas Market and Pipeline Frameworks Review. The Discussion Paper expands on the requirements for the development of a liquid wholesale gas market and what such a market might look like on the east coast of Australia.

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  • The Energy Commission of South Australia is seeking comment on draft changes to the Retailer Energy Efficiency Scheme Guideline. The proposed changes are to clarify the Guideline to ensure that data provided by retailers is on a consistent basis.

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  • The Queensland State Government says it intends reviewing the $2 billion-a-year petroleum and gas industry. Whilst Queensland has enough gas, the Government has concerns domestic users could not access affordable, contracted gas.

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  • Following on from the report in last month’s edition of the Energy Market Update, the Australian Senate, on 23 June 2015 passed the Renewable Energy (Electricity) Amendment Bill 2015 without amendment. This will see Australia's Large-Scale Renewable Energy Target reduced from 41,000 GWh to 33,000 GWh in 2020.

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  • The Victorian Labor Government recently released its high level Energy Efficiency and Productivity Statement setting out its vision for the role of energy efficiency and the priorities required to deliver an energy efficient economy for Victoria.

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  • The Australian Competition and Consumer Commission recently released its issues paper for the East Coast Gas Inquiry. The issues paper sought information and responses from industry participants and other interested parties to assist the Regulator in its inquiry into the east Coast gas market.

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  • Following lengthy negotiations, the Federal Government and Labor opposition have finally reached an agreement on a revised Renewable Energy Target of 33,000 gigawatt hours by 2020. This revises the target down from the 41,000 gigawatt hours target legislated in 2009.

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