Renewable Energy Index - August 2017
21 Sep 2017
The Renewable Energy Index tracks the contribution of the renewable energy sector broken down by fuel type and state on a series of metrics that are intended to translate abstract concepts such as megawatts and tonnes of CO2 into concepts the community can understand and appreciate such as number of households powered, and number of cars’ pollution avoided.
Renewable Energy Index - July 2017
28 Aug 2017
The Green Energy Markets’ Renewable Energy Index tracks on a monthly basis the amount of renewable energy Australia relies on, the jobs it’s creating, the power bill savings it is delivering for Australian households, and the environmental benefits of the rising use of clean power.
Australia’s first Renewable Energy Index launched
28 Aug 2017
To assist the Australian community in understanding the role and contribution of renewable energy to meeting our energy needs while also providing an important source of employment and reducing pollution, Green Energy Markets produces the monthly Renewable Energy Index.
GEM Report: LGC Snapshot (July 2017)
25 Aug 2017
Renewable energy’s share of NEM generation in July was 19.5% inclusive of rooftop solar and 17.6% excluding rooftop solar. This is the fourth highest monthly market share (excl roof solar) achieved since January 2013. The LGC spot price rose considerably over July, starting the month at $78 and then steadily rising to end the month at $84. The 2019 forward price also rose considerably to the mid $70’s after hitting a low of $52 in May.
GEM Report: Solar Snapshot (July 2017)
25 Aug 2017
STCs representing 14,466 solar PV systems and 93 MW of capacity were created in July. At end of July creation was running 58% greater than required to achieve the target and at current average creation levels the market remains on track for an end of year surplus of STCs of about 7.4 million.
Turnbull just needs to look back into his own past to address high power prices
23 Jun 2017
A new coal power station is useless for solving current problems. Instead we should focus on cutting out energy waste.
Rooftop solar enjoys second boom as fossil fuel scare campaign backfires
07 Apr 2017
GEM Report: Solar Snapshot (March 2017)
07 Apr 2017
STC creation in March has managed to exceed the surge of last December and was the highest seen since February 2013 in spite of a step down in deeming from 15 to 14 years. At current average creation levels we estimate that by the end of year the surplus of STCs would be around 6 million.
Why a gas generator, South Australia? There are better options to lower power prices
15 Mar 2017
Major retailer ERM chooses penalty price over contracting new wind and solar
24 Jan 2017
In a worrying sign, a major electricity retailer, ERM Power, representing 10% of the market, has opted to pay $123 million in penalties rather than choose to build or contract new wind and solar and surrender 1.9 million large scale certificates to comply with the Renewable Energy Target.
Report: Solar Snapshot (December 2016)
17 Jan 2017
STC creation leapt spectacularly in December, averaging 464,000 per week over the month (excluding public holidays). This is 53% above the weekly average for the preceding January to November. The weekly average across the year now stands at 315,000 STCs, which is just 3.8% short of the Regulator’s target (327,300 per week). Indicative of this large surge, in the week preceding Christmas STC creation peaked at 654,000, a level not seen since December 2012 when the solar STC multiplier (2x) was still in place .
Report: LGC Snapshot (October 2016)
22 Nov 2016
Renewable energy’s share of NEM generation was 25.1% in October - the highest ever achieved over the history of the NEM.
Hydro’s generation in October was slightly above 1900GWh, which is the second highest monthly generation since the beginning of the NEM.
Report: VEEC Snapshot (October 2016)
17 Nov 2016
691k VEECs were created in October, which is slightly higher than last months’ (671k) but 11% down on the 6 month average. The VEEC market continues to be dominated by Activity 34 (Commercial Lighting), which created 490k certificates (71% of total certificates)
Report: VEEC Snapshot (August 2016)
27 Sep 2016
816k VEECs were created in August, up 13% on July creation (723k). This is the second highest month of creation since 2012 (June 2016 being the highest, 949k). Commercial lighting created a record 554k certificates in August, representing 68% of total creation (up 10% from last month).
Report: ESC Snapshot (August 2016)
27 Sep 2016
177k ESCs were created in August 2016, following a month of exceptionally low creation in July (86k). This is well below on the 12 month average of 276k, reflecting the fact that several of the large creators are still in audit, but above the creation volume of August last year (137k).
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Environmental market insight
Green Energy Markets seminar delivers high quality content with comprehensive insights into renewable energy and energy efficiency markets. Featuring industry experts and addressing market issues, this seminar aims to equip decision makers with the information they need to make enlightened business decisions.