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Victoria achieving at least 20 per cent renewables share?
The Victorian Government is aiming for at least 20 per cent renewables market share of generation by 2020 and is looking for submissions as to what the 2020 and 2025 targets should be. This paper draws together the results of some recent work that we have undertaken to provide a snapshot of the current level of renewable energy in Victoria and what level of new projects need to be committed to achieve different levels of market share.
LGC price dramatic increase
The spot LGC price increased dramatically during August. After starting the month at $52.00 it reached a high of $59.00 on 18 August before closing the month at $58.50.