News

Report: LGC Snapshot (May 2016)

14 Jun 2016

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  • 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).

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