News & events

News // Renewable Energy Target

  • 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: LGC Snapshot (August 2016) 27 Sep 2016

    Renewable energy’s share of NEM generation was 19.0% in August with both hydro and wind output down on last month.  Wind farm output was down on the very high levels of the prior month but still recorded a respectable NEM-wide capacity factor of 36.7% (excluding the partially operational Hornsdale Stage 1 and Ararat).

  • Report: LGC Snapshot (May 2016) 14 Jun 2016

    Wind power output reached an all time record, with an average NEM-wide capacity factor of 49.5 per cent for the month of May.  • Tasmanian hydro storages have continued to recover and have now reached 26 per cent, however output from Gordon and Poatina was dramatically curtailed as expected, and they are no longer above their pro-rata baselines.

  • Report: LGC Snapshot (April 2016) 19 May 2016

    Tasmanian hydro storages further declined to new record low of 13 per cent, but have since experienced a rapid rise in May to 20 per cent supported by significant rain and diesel generation allowing the state’s hydro generation to drop to its second lowest monthly level since January 2013.

  • Report: Quarterly Renewables Report Q1 2016 29 Apr 2016

    In the prior December report we estimated that 4400MW of new project commitments were required in 2016 to avoid a shortfall from the target. With one quarter down only 226MW have been committed, reinforcing our prior conclusion that it is extremely unlikely that the market will avoid a shortfall in 2018 and consequent penalties.

  • Report: LGC Snapshot (January 2016) 23 Feb 2016

    The spot LGC price opened the month at $79.50 and progressively increased to close January at $83.50. The price softened after the end of the month and reached as low as $80.00 before recovering to $81.50 on 19 February 2016.

  • Huge penalty charges loom as renewable investment remains at standstill 20 Jan 2016

    Australian consumers face paying nearly $2 billion in so-called “penalty prices” in a few years time if the two-year standstill on renewable energy investments continues much longer, according to a leading industry analyst.

  • Report: Quarterly Renewables Report Q4 2015 19 Jan 2016

    The LGC spot price started the quarter at $64.65 and continued to increase through the quarter reaching as high $77.05 before easing back and closing the year $72.80. The price has increased after the end of the year and reached $77.05 on 19 January 2016.

  • Report: LGC Snapshot (November 2015) 16 Dec 2015


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