Tasmanian energy companies warned Liberals against leaving national power market before poll

as declared in The energy industry warned the Hodgman Government against removing Tasmania from the National Electricity Market (NEM) weeks before the Liberals announced the plan. Key industry bodies including Aurora and Hydro Tasmania warned about risks associated with changing the state's wholesale energy market framework. While the terms of reference for the review did not explicitly mention de-linking from the NEM, it is inextricably linked with the wholesale energy market framework. Power price cuts should be done in 'market-driven way'Murchison independent MLC Ruth Forrest said the submissions made it "pretty clear" that the energy industry did not believe the state should de-link from the wholesale energy pricing arrangement. It was the second report on the energy industry this year to recommend the Tasmanian Government consider a write-down of energy network assets to reduce power bills for consumers, after the Grattan Institute did so in March.

Renewable energy set to supply one-third of market needs by 2020

Renewable energy will provide one third of the national electricity market's needs within two years, according to new research from Green Energy Markets (GEM). Key points: A record 18,917 rooftop solar PV systems were installed in MayA record 18,917 rooftop solar PV systems were installed in May On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030 The total pipeline of renewable projects if approved and built could supply 85pc on needs by 2030The consultancy firm's forecast uses the latest data from the Australian Energy Market Operator and is based on solar and wind farms already under construction or contracted plus rooftop solar maintaining stable installation levels. Image Renewable energy power generation by fuel & market share in the NEM for 2015 and forward estimates. The 131 megawatts (MW) of rooftop solar PV registered in May was also new monthly record. On GEM figures, renewable energy avoided 2.4 million tonnes of CO2 pollution over the month, or the equivalent of taking 9.2 million cars off the road.

Renewable energy projects to drive Saudi solar panel market growth by 30%

as mentioned in Additionally, in the FY2019 national budget, the Saudi government has allocated $7 billion for the development of renewable energy projects, added the study titled "Saudi Arabia Solar Panel Market (2018-2024)" from 6Wresearch, a global market research and consulting firm. This significant spending on renewable energy projects would also drive the growth of the solar panel market in Saudi Arabia during the forecast period. Ravi Bhandari, assistant manager Research and Consulting, 6Wresearch, said: "Polycrystalline solar panels are the key revenue generating segment in the overall Saudi Arabia solar panel market on account of their affordable prices and thus high utilisation across several projects." Monocrystalline solar panels have a higher power efficiency than their polycrystalline counterparts. Some of the major companies in Saudi Arabia solar panel market include Gtek Solar, Desert Technologies, Canadian Solar, Solar Frontier and Jinko Solar, according to the report.

Reset climate policy to fix energy market

In releasing yet another report on electricity prices, ACCC chairman Rod Sims said that the energy market is ''broken''. What is needed is not a repair job on the whole electricity market but a clear decision on climate change policy. ACCC chief Rod Sims says the energy market is broken. The electricity market basically works except Australia cannot establish how fast to cut its greenhouse gas emissions and make the transition from coal to renewables. An industry-wide carbon price is more cost effective than the piecemeal subsidies such as the Renewable Energy Target or Solar Feed-in-Tariffs which the ACCC criticises.

collected by :Victor Alphen