Green Energy Markets resource library includes certificate pricing graphs, Insights, presentations and links to industry associations.
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LGC Market Prices
31 January 2019
Wholesale LGC spot prices updated weekly
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ESC Market Prices
10 November 2017
Wholesale ESC spot prices and ESC creation figures updated weekly
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VEEC Market Prices
10 November 2017
Wholesale VEEC spot prices and VEEC creation figures updated weekly
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STC Market Prices
10 November 2017
Wholesale STC spot prices and STC creation figures updated weekly
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Weekly movement in spot price and certificate creation
10 November 2017
Weekly change in wholesale LGC, STC, ESC and VEEC spot prices and creation figures
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State renewables targets will need concerted effort and new investment
In this article we look at the role of state renewable energy and emissions targets for Victoria, New South Wales, Queensland, and South Australia. In the absence of a federal mechanism to drive uptake, state government targets and policies will be crucial. In total, NSW, Queensland, and South Australia will need around 7.95GW of new capacity to meet their 2030 targets. Victoria and the ACT will meet their targets on the basis of projects with existing contracts.
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Solar PV market continues grows in July
The latest figures from the Clean Energy Regulator (CER) show that Australia’s roof-top solar PV market (less than 100 kW) continues to grow through 2019 and is on track to achieve installed capacity of more than 2,000 MW this year.
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Assessing how the states are tracking on their emissions and renewable energy targets
While the Federal Government has indicated little interest in further measures to reduce carbon emissions, all the state governments within the National Electricity Market have significant targets to increase renewable energy and decarbonise their electricity supplies. While significant progress is evident there remains much work to be done. States have the constitutional power to implement measures to achieve their targets and cannot rely on the Federal Government to deliver their targets
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A Victorian summer retrospective: time to get serious and prioritise peak demand reduction
When we analyse the 2018-19 summer data in detail and consider extreme heat days and the level of demand, there are several crucial developments and implications to consider in the management and development of our electricity market going forward.
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Review of the NEM in 2018
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Solar achieves new record of 3,775 MW in 2018, with 2019 set to beat this again
2018 was another record year for the solar PV industry in Australia installing 3,775 megawatts (MW) which was nearly three times the level of 2017 installations. Solar PV is now making a material contribution to Australia’s electricity supply and a full year’s output from systems installed in 2018 amounts to more than 6 million megawatt hours (MWh) which is equivalent to 3.2 % of electricity consumed in the National Electricity Market (NEM).
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NEG design locks in higher emissions
With all the focus on the level of the National Energy Guarantee (NEG) 26 per cent emissions reduction target there has been little attention on assessing the underlying NEG mechanism and whether it will work long term to reduce emissions at lowest cost to consumers. Our most recent assessment of the NEG design is that it locks in an increase in emissions from electricity from 2023 which means that a more ambitious target than 26 per cent is more difficult and more expensive to achieve.
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NEG discriminates against rooftop solar and makes an ambitious target more expensive
Following on from our first paper on the design of the National Energy Guarantee (NEG), “The NEG is worse than doing nothing” we have explored one of the perverse design features of the NEG which supports gas-fired generation and old hydro but excludes roof-top solar.
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The NEG is worse than doing nothing
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Can the solar rooftop boom keep going?
We’ve now passed a third of the way through 2018 and have chalked up more than 100MW of rooftop solar PV installations in every single month so far, as detailed in this month’s Green Energy Markets Renewable Energy Index.
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2020 RET in hand, with enough projects remaining to deliver 50% renewables
As 2017 comes to an end its worth reflecting on the quite amazing recovery the renewable energy industry has staged since Tony Abbott was in power. Analysis released in the November edition of Green Energy Market’s Renewable Energy Index shows that we now have enough projects either in construction or contracted to deliver 37,000GWh per annum in 2021.
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Reflections of the National Energy Guarantee
4 fixes for the National Energy Guarantee
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Renewable energy investment is booming but there are clouds ahead
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Australia’s skyrocketing power prices: How we got in this mess and how we could get out
A paper prepared by Green Energy Markets explains that over the past two years Australia’s east coast National Electricity Market has experienced a profound, decisive and permanent unravelling of conditions that kept Australia’s east coast wholesale power prices low by international standards.
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Overcoming ideology to support new power plant investment and reduce power prices
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Review of the NEM in 2016
This Green Energy Markets Insight analyses the changes in electricity generation and consumption in the NEM for the year ending 31 December 2016 and compares it to the same period in 2015. Our analysis is based on scheduled metered demand and metered generation data published by the Australian Energy Market Operator (AEMO) and provided through Global Roam’s NEM-Review
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Solar market recovers late in 2016 but falls short of the target
Green Energy Markets reviews the small-scale solar PV market in 2016.
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The power sector investment drought has broken
Following a dark period in renewable energy, in which the industry has been strangled by policy uncertainty, signs are now emerging that investors are returning to the market and the investment drought may have broken.
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Why power prices higher without a carbon price
Those within the Government that pushed to dump a scheme to reduce the emissions intensity of our electricity sector were very clear about why - keeping electricity prices low and power supplies secure. The problem is that they’re not actually helping the situation, as it appears the Chief Scientist, Alan Finkel, has concluded in his review of energy security.
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Insight: Examining the potential implications of the Federal Election
There are three ways you can evaluate how the plight of the various major parties in this forthcoming election - Greens, Labor, Liberal or Nick Xenophon -could impact on the clean energy sector:
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Which power retailers are short of LGCs to meet the Renewable Energy Target
This Insight assesses each of the liable parties' holdings of LGCs and also the LGCs they can expect to receive in the future from projects they own, or have contracted with under long-term power purchase agreements.
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Victorian power consumption falling despite strong population and economic
Victoria has the fastest growing population of all the states and is experiencing strong economic growth yet its electricity consumption continues to fall. Energy efficiency activities installed under the Victorian Energy Efficiency Target (VEET) Scheme can explain 75 per cent of the reduction in consumption and is contributing to a more efficient and resilient Victorian economy.
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Regulator ups the STC target for solar capacity by 6.6%
The Clean Energy Regulator announced on March 15 that the 2016 target for the Small-scale Renewable Energy Scheme, which provides financial support to rooftop solar PV and solar hot water, is to be 9.68 per cent (this is called the Small-scale Technology Percentage or STP).
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Insight: Renewable Energy Target won’t be met in 2018
We can expect over 1000MW of large-scale renewables projects including 450MW of large-scale solar to be committed this year. We’ll still fall short of the Renewable Energy Target in 2018 but the problem lies with financier confidence, not a lack of economically viable projects.
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Insight: Review of the NEM 2015
This Green Market Insight analyses the changes in electricity generation and consumption in the NEM for the year ending 31 December 2015 and compares it to the same period in 2014. Our analysis is based on scheduled metered demand and metered generation data published by the Australian Energy Market Operator (AEMO) and provided through NEM-Review. The data does not directly measure actual consumption as it includes transmission losses, power station auxiliary use (power used in the power station) and excludes non-scheduled generation. As transmission losses, auxiliary use and non-scheduled generation have been fairly stable over the last three years it nevertheless provides a solid basis for analysing year on year changes to electricity consumption.
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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.
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Insight: 50 per cent Renewables Market share by 2030 – what does it mean?
The Australian Labor Party announced on 22 July 2015 that it will be taking a policy of 50 per cent renewables market share by 2030 to the next election. This will be a key element of their climate change policy. This compares to recently amended legislation that is expected to deliver a renewables market share of 23.5 per cent by 2020. On the surface such an increase looks challenging.
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Insight: LGC creation falls 3 per cent in 2014
Despite a boost from wind energy, which increased its share of large-scale renewables certificates by 8 per cent, to 64 per cent, since 2013, uncertainty over the RET and lower hydro output meant that overall certificate creation likely fell 3 per cent over all in 2014.
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STC Clearing House emptied
After more than four years of operation with many people patiently waiting for certificates to settle through the Clearing House we have finally witnessed the emptying of the Clearing House today.
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STP of 11.71 per cent for 2015 – what does it mean?
The Clean Energy Regulator announced on Friday 27 February 2015 that the Small-scale Technology Percentage (STP) for 2015 is to be 11.71 per cent. Green Energy Trading has assessed what this means for the level of solar expected to be installed in 2015.
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Review of the NEM in 2014
NEM power consumption falls 1.1 per cent in 2014 Solar and energy efficiency accounted for 89 per cent of the reduction Renewables fall from 13.8 per cent to 11.8 per cent market share Greenhouse emissions increase by 1.0 per cent in 2014 Three wind farms start operating and five fossil-fuel plants cease
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Research Note: What does a real 20 per cent renewables market share look like?
August 2014 Modelling by ACIL Allen for the Renewable Energy Target (RET) Review Panel has estimated the Mandatory RET, to achieve a 20 per cent renewables market share by 2020 to be 25,500 GWh. Given that renewables projects that have already been committed amount to 14,500 GWh, there are another 11,000 GWh of projects to be built to meet a 25,500 GWh target by 2020.
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Research Note: Wind generation increases 22 per cent in 2013
June 2014 The Renewable Energy Target (RET) has supported a significant growth in wind energy projects with generation in 2013 increasing by 22 per cent. Green Energy Markets has analysed the creation of Large-scale Generation Certificates (LGCs) under the RET based on data available from the REC-Registry as at 20 May 2014. While wind was the leading renewable fuel creating LGCs, the power stations that created the most LGCs in both 2012 and 2013 were hydro generation plants in Tasmania.
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Research Note: NEM power consumption falls 2.8 per cent in 2013
Consumption of electricity within the National Electricity Market (NEM) states (excluding Western Australia and the Northern Territory) has fallen for the 5th consecutive calendar year. Electricity consumed within in the NEM in 2013 was 2.8 per cent lower than the electricity consumed within the NEM in 2012.
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Research note: NEM power consumption 2.5 per cent lower in first half (2013)
2nd July 2013 Electricity consumption in the national electricity market (NEM) states continues to fall. Consumption for the first six months of 2013 was 2.5 per cent lower than the same time last year. On a financial year basis electricity consumption was 2.6 per cent lower in the last 12 months compared to the previous 12 months ending 30 June 2012.
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Research note: Top LGC creators for 2012
The Poatina hydro power station in Tasmania created 820,000 large-scale generation certificates (LGCs) for 2012 generation and was the largest creator of certificates for the year. The next nine largest LGC creators were all wind farms.
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Research note: Renewable energy target - The numbers explained
This research note has been prepared by Green Energy Markets and explains the numbers behind the renewable energy target (RET) and how the target relates to renewables market share.
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Research note: NEM power consumption in 2012 reduces by 2.5 percent
Electricity consumption in the national electricity market (NEM) states1 has decreased for the fourth consecutive year. In 2012, electricity demand in the NEM decreased 2.5 percent (4,818 GWh), when compared to 2011 consumption, which represents the largest annual reduction since this trend began.
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Future of STCs: Market update and predictions
11 April 2018
Ric Brazzale presented at Smart Energy Conference in Sydney on 10th April 2018 on the "Future of STCs: Market update and predictions"
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Solar 2017 - Solar and Storage a rising star
16 June 2017
On 3rd May 2017 Ric Brazzale presented at Solar 2017 in Melbourne on the future of solar and storage.
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Solar 2017 - The RET and STCs
03 May 2017
On 3rd May 2017, Ric Brazzale presented at Solar 2017 on the RET and STCs.
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The RET, its future and the impact of its demise on the solar industry
17 March 2017
On 17th March 2017, Ric Brazzale presented at SEIA NSW conference on the RET, its future and the impact of its demise on the solar industry
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Presentation: Solar Market Update May 2016
05 May 2016
On 5th May 2016, Ric Brazzale presented at the Australian Solar Conference 2016 in Melbourne - Solar Market Update.
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Presentation: Going big - The risks and opportunities of LGCs
05 May 2016
On 5th May, GEM Director - Policy and Analysis, Tristan Edis, presented at Solar 2016 Conference in Melbourne on the opportunities and risks associated with the LGC market
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Presentation: Solar market and compliance update
19 February 2016
On 19th February 2016, Green Energy Markets' Managing Director Ric Brazzale, presented at SEIA Victoria's Annual Installers Conference on Solar Market and Compliance Update.
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Presentation: Solar 2015 - Solar Market Update
14 May 2015
Ric Brazzale, Green Energy Markets' Director, presented at Solar 2015 on 14th May 2015 in the Industry and Policy session, with his presentation entitled:: Solar Market Update
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Solar 2015: STCs Market Update
13 May 2015
Ric Brazzale presented at Solar 2015 on 13th May 2015, in the Professional Development stream, with his presentation entitled: STCs Market Update
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Solar PV and STC market - review and update (Presentation at SEIA NSW Installers conference)
20 March 2015
On 20th March 2015, Ric Brazzale presented at SEIA NSW Annual Installers Conference on Solar PV, the STC market – and the future of the Renewable Energy Target
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Solar PV and STC market - review and update
27 February 2015
On February 27th, Ric Brazzale presented at the Solar Energy Industries Association (SEIA) conference in Victoria.
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The RET Review Implications for renewable energy
16 October 2014
On 15th October 2014 Ric Brazzale presented at All Energy 2014 in Melbourne.
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State of the RET market
29 July 2014
On 24th July 2014, Ric Brazzale presented at Clean Energy Week (ATRAA) in Sydney. His presentation focused on the state of the solar market, the outlook for STC and LGC prices, and the effect of the RET Review on the solar market.
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Australian market update: outlook for certificate prices
09 May 2014
On 9th May Ric Brazzale presented at Solar 2014 in Melbourne.
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SEIA Vic 2014: RET review and implications for small-scale solar PV
30 April 2014
In April 2014 Ric Brazzale presented at the SEIA conference held in Victoria.
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Energy Market Productivity and DM - Energy Efficiency Schemes
04 April 2014
On 4th April 2014, Ric Brazzale presented at A2SE conference in Sydney. His presentation on focused on Energy Market Productivity and DM - Energy Efficiency Schemes
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RET review and implications Financing solar
24 March 2014
Ric Brazzale, March 2014, SEIA NSW meeting
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Environmental markets and clean energy incentives, Total Facilities Conference Melbourne, March 2014
06 March 2014
Environmental markets and clean energy incentives, Total Facilities Conference Melbourne, March 2014, Ric Brazzale Presentation includes a snapshot of renewable energy and energy efficiency activities, STC, VEEC and ESC prices and outlook, sources of financial support and compliance and regulatory developments.
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Solar industry in transition
17 April 2013
In April 2013 Ric Brazzale presented at Environmental Markets Insights - a seminar hosted by Green Energy Markets.
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Energy Efficiency Certificate Creators Association Inc
The Energy Efficiency Certificate Creators Association (EECCA) has been established to represent and self-regulate the activities of businesses creating and trading energy efficiency certificates. These activities underpin the Victorian, NSW, SA and ACT Energy Efficiency Schemes which facilitate the installation of energy efficient products and services to households and businesses.
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Clean Energy Regulator
The Clean Energy Regulator is an independent FMA agency that administers the renewable energy target (RET), including the large-scale renewable energy target (LRET) and the small-scale renewable energy scheme (SRES).
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REC Agents Association
The REC Agents Association (RAA) provides the link between system owners, installers and the renewable energy certificate market. The RAA defines, encourages and promotes best practice in the industry to new and potential Agents, and other stakeholders.
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Sustainable Energy Association of Australia
Since its incorporation in July, 2002 the Sustainable Energy Association of Australia (SEA) - formerly the Western Australian Sustainable Energy Association Inc. (WA SEA) - has worked to support and promote the growth of the sustainable energy industry across Australia. The aim of the association is to give voice to those with an interest in sustainable energy and to promote the development and adoption of sustainable energy technologies and practices.
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Solar Energy Industry Association
SEIA brings together all those with a passion for, and interest in, solar power and resources. Installers, manufacturers, importers and suppliers.
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Energy Efficiency Council
The Energy Efficiency Council is the peak body for energy efficiency and cogeneration services and products, focusing on the non-residential sector.
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Clean Energy Council
The Clean Energy Council is the peak body representing Australia's clean energy sector. It is an industry association made up of more than 600 member companies operating in the fields of renewable energy and energy efficiency.
