A timely reminder from Rod Sims (at the ACCC) this week that there are a number of factors driving electricity price higher – not just a single “smoking gun”
An energy crisis (like a train wreck) is upon us.
A collection of articles about this energy transition
A year on from my review of “remarkable” prices seen in Q2 2016, I return to the same analysis and update for Q2 2017. Outcomes are even more extreme…
The energy supply industry is now a case study of major disruption and this is causing chaos. We are now witnessing the simultaneous high prices in electricity and gas – importantly at the commodity level – not network driven this time – although that just changed with the AER loss – more petrol on the fire.
A record of the closure of Hazelwood this week – and some initial thoughts on the implications
Transformation in the electricity industry is occurring at an astounding rate. What’s more, it’s happening globally and Australia is pretty much ground zero. As a result, a new energy ecosystem is emerging. Accenture has recently released three reports which cover different aspects of this new ecosystem. These are the ‘New Energy Consumer’ report, ‘Digitally Enabled Grid’ report and the combined report for the ENA and CSIRO titled ‘Insights from Global Jurisdictions and Evolving Business Models’.
Some initial thoughts following articles about the mooted closure of Hazelwood Power Station as early as April 2017.
Two slides (from BNEF and AEMO) that provide some context on the energy transition
A starting list of factors that I’d look further into, if I was sucked into the “rabbit hole” of assessing all of the contributing factors leading to the Remarkable Prices seen in Q2 2016 – and which could continue into the future.
A figurative illustration of the broad range of people we’re increasingly seeing weighing into the discussion about the future of the energy sector. Itself a challenge for the transition.
Quick note about energy transition