Utility-scale solar price falls below $1 per watt in the US
Utility-scale solar costs have reached new lows in the US, falling below $1 per watt in the first quarter of 2017. According to a new market insight report from America’s Solar Energy Industries Association (SEIA) and GTM Research, the record low price was achieved through surging growth of 145 percent in the utility sector in 2016, […]
AGL electricity price hikes flagged of up to $600
NSW, Queensland, SA and the ACT could be hit by AGL electricity price hikes of up to $600 a year from July 1st. Energy retailer AGL is the first major company to announce its new prices. The ACT will be hardest hit with electricity tariffs up 19 per cent. South Australians will see their annual […]
Australian Energy Regulator releases report
The 2017 “State of The Energy Market” report has been released by the Australian Energy Regulator with surprising findings. The study which looks into different areas of the energy market claimed that 2016 was one of the most challenging times since 1998 when the National Electricity Market was established. The main areas looked at were […]
Finkel review calls for Clean Energy Target to cut emissions
The much-anticipated Finkel review of Australia’s energy network says a new Clean Energy Target will encourage new low emissions generation into the market. The ‘Blueprint for the Future Security of the National Electricity Market’ review was commissioned by federal and state energy ministers last year. It was headed by Chief Scientist Dr Alan Finkel, its […]
Renewable energy sets new global supply record
Global renewable energy capacity saw its largest annual increase ever, reaching 10 gigawatts (GW) of new generation installed worldwide. That’s according the latest Renewables Global Status Report from renewable energy coalition REN21. The report states that in 2016, renewable energy provided nearly 20 percent of the world’s final power consumption. Most of the new growth […]
Queensland on track for 2030 renewable energy target
The Clean Energy Council (CEC) says Queensland’s commitment to a 50 per cent target for renewable energy by 2030 means more jobs, lower prices. The Queensland Government announced a reverse auction scheme this week expected to deliver 400 MW of new projects. CEC Chief Executive Kane Thornton said in a statement that Queensland is in the […]
Climate Council announce findings ahead of Finkel review
With the Finkel review imminent the Climate Council has released their 10 top facts regarding electricity in Australia. The report which was released this week looks at the impact that fossil fuels are having on the Australian energy climate and what renewable energy could do to help mitigate the negative outcomes. The Finkel review will […]
Energy policy reform detailed in new report
The Australian Energy Market Commission (AEMC) and the Climate Change Authority have released a joint Energy Policy report which makes a number of sweeping suggestions. These suggestions aim to transform the current energy market by reducing electricity costs while growing renewable energy such as solar and enhancing power system security. The recommendations effectively drew from […]
Solar array at Bundaberg hospital will be Australia’s biggest
Bundaberg’s Friendly Society Private Hospital plans to install the largest hospital solar array in Australia. The hospital will install 1,253 individual panels over the next three months at a cost of more than $1 million. The array will be funded privately, with no federal or state government assistance. The hospital issued a statement this week, […]
Report calls for review energy efficiency policy in Australia
A new report by the Cooperative Research Centre for Low Carbon Living (CRCLCL) calls for a review of Australia’s energy efficiency policy. The report claims this slowness to adopt new and efficient energy regulations to help combat the state of the Australian energy market has resulted in wasted expenditure as well as unnecessary CO2 being […]
