Report: LGC Snapshot (May 2016)

14 Jun 2016

The LGC Snapshot is available as part of Green Energy Markets' Renewables subscription.  For more information or to subscribe please contact Emily on 03 9805 0729 or email us.

  • Wind power output reached an all time record, with an average NEM-wide capacity factor of 49.5 per cent.
  • The spot LGC price opened the month at $80.30 and peaked at $82.00 after which it remained close to this mark, closing the month at $81.90.
  • 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.
  • Only 3 small power projects received accreditation this month, however the 170MW Mt Emerald wind farm has received a 12.5 year PPA from Ergon and the 5MW Normanton solar farm is now financially committed.
  • The Queensland Government announced it would expand its large-scale solar auction to 120MW (up from 60MW).


  • 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.