A key challenge in transitioning to a more two-sided electricity market is building trust and understanding between the key players; customers, retailers, and the Market Operator.
As we transition to a new energy future, Australians are increasingly looking to live more sustainable lives – by minimising and mitigating their carbon emissions. But how does carbon offsetting work?
Through the Energy for Life program, AGL has developed ‘Energy Advice Packs’ which contain information and advice for households about available support, retailer hardship programs and simple tips to save energy around the home.
A virtual power plant – it sounds so futuristic! And while VPPs are definitely part of our energy future, the concept is simple – and happening right now.
Our strategy and our Climate Statement come together in the belief that Australia’s energy future will be affordable and smart. Importantly, it will be low emissions based, helping tackle climate change.
As we transition into a new energy future, climate-related risks are a major consideration. That’s why we regularly model future scenarios in accordance with the TCFD.
The rise of renewable energy and the demand on the national grid is changing. There’s a pivotal need for generation that’s flexible – and that can respond to sudden peaks in demand within minutes. Why is that important – and what does it look like?
The coronavirus (COVID-19) pandemic has profoundly changed fundamental aspects of our daily lives. Many of us are working – and kids are studying – from home. At the same time, many services and businesses – for example, restaurants, shops, gyms, libraries - have had to close their doors, at least temporarily. So what is the cumulative impact of all these changes on electricity supply across the National Electricity Market (NEM)?
In this new world where supply and consumption of electricity is ‘contestable’ – that is, where participants can buy from and sell to whomever will give them the best deal – a new, critical piece of the puzzle was needed. In 1998, the National Electricity Market (NEM) was created.
The influx of utility-scale renewables and rooftop solar means there’s a greater need for highly flexible firming energy sources which can be activated at a moment’s notice during times of high demand. The Barker Inlet Power Station (or BIPS) is nearing the final stages of construction, and it exemplifies this firming capacity.
Do you know your VPPs from your DMOs? Your PVs from your EVs? And just what is the Paris Agreement anyway? We’ve compiled the most commonly used terms from the energy sector in a handy reference.
People have been harnessing the power of flowing water for millenia – but how does hydro power fit into our energy mix today?
The energy market is changing – and we need to take the lead and look at what energy mix will suit the dynamics of the market. We’re taking a look at the role of firming capacity to support that mix.
The Newcastle Gas Storage Facility is a crucial piece of energy infrastructure in NSW, delivering a stable and reliable supply of gas to meet ever-changing demand in the region.
Keep on trucking! The first of three massive transformers arrive at the Barker Inlet Power Station, which when complete later this year will provide quickstart peaking power and grid stability for South Australia.
Coopers Gap Wind Farm Project recently saw the largest and heaviest section of the 3.8MW tower arrive at site. This section of the tower weighs 77 tonnes, has a diameter of 5 metres and is 13.6 metres long.
Imagine 40,000 km of electricity lines and cables – more than three times the diameter of the Earth – spreading from Port Douglas in Far North Queensland down to Hobart in Tasmania and west into Port Lincoln in South Australia.
AGL’s corporate responsibility program, Energy for Life, builds on AGL’s local community engagement strategy and seeks to make a genuine contribution to the wider community. The program aims to positively respond to emerging sustainability risks, especially with respect to energy-related financial hardship in the community.
In response to feedback from our Commercial and Industrial (C&I) business customers, we have developed AGL PUMP (Power Up Modular Purchasing) - a flexible, innovative, digital platform for our business customers to manage their own energy procurement.
From September 2019, AGL will progressively mothball the 52-year-old Torrens A Station – starting with A2 and A4 – following the start of commercial operation of the 210MW Barker Inlet Power Station. The four Torrens B generating units will continue to operate as normal.
The Energy Users Association of Australia released a National Gas Strategy Discussion Paper proposing solutions to gas supply issues. How does this support steps AGL is taking to address gas supply?
How is our portfolio evolving to meet changes in demand and technology? Peaking power, like the proposed Kanmantoo Pumped Hydro project can be flexible and responsive to demand – providing extra energy when it’s needed most.
One of the big questions with renewables is, what happens when the sun’s not shining and the wind’s not blowing? Flexible and firming energy sources like large-scale battery storage is the answer.
The Victoria Energy Policy Centre released a working paper focusing on market outcomes following the closure of Hazelwood Power Station in 2017. Looking at the VEPC report, there is an alternative reading for much of what it relies upon in drawing its conclusions.
AGL has sought to play a leading role in the way business engages on the important issue of climate change. We’ve given serious consideration to the physical and transitional risks and opportunities associated with climate change and the transition towards a low-carbon economy. Read more.
Barker Inlet Power Station is a peaking gas plant, which means it’s flexible in rapidly responding to demand. This week, AGL received the first of 12 engines for the power station.
Making energy more affordable for our customers, particularly those struggling to pay their bills, is a top priority for AGL. Find out how we’re investing our money for the benefit of our customers and the community.
Last year we committed $11m to Stage 1 of large-scale lighting upgrade across AGL’s operating facilities. Once complete, we expect the whole project to reduce our carbon impact by 35,000 tCO2e/y – that’s the equivalent of taking over 10,500 cars off the road for a year.
During those really hot days in Summer, energy demand hits its peak. To help maintain safe, sustainable and reliable energy for our customers and the community, we recently made a number of upgrades on site.
The concept of supply and demand is fundamental to the mechanics of the wholesale market. But how do generators receive payment for the electricity they produce? Learn more about the bid stack on the spot market.
Last week, AGL announced a $25 million investment to boost generation at our Loy Yang Power Station, without increasing coal consumption or emissions.
Traditional hydro and pumped hydro generation have an extremely important role to play in an energy mix, because they can provide extra energy quickly in the event of rapid changes in customer demand or outages.
Operated by AGL, the ElectraNet 30 MW large-scale battery will enhance SA energy security, by supplying stored-energy during peak periods or whenever renewables aren't available.
The mercury suddenly soars above forty degrees. And, when the heat is on, Australia’s electricity system is suddenly put to the test. We go from asking for a dribble of energy to a sudden tidal wave. And our systems need to respond quickly. We need that energy. We need a lot of it. And we happen to need it right now!
In 2015 during the climate negotiations in Paris, Mark Carney, Governor of the Bank of England and Michael Bloomberg, former Mayor of New York, announced the creation of a new task force, which would help investors understand their financial exposure to climate risk and help companies disclose this information in a clear and consistent way.
The Peak Energy Rewards programs kicks in during periods of high demand. Offering a financial incentive for customers to electively reduce their electricity consumption for short periods of time to collectively lessen the load on the electricity grid.
AGL welcomed Maoneng Australia’s announcement that it had reached financial close for the 255 megawatt (MW) Sunraysia Solar Farm. This solar farm is underpinned by Power Purchase Agreements under which UNSW Sydney and AGL Energy purchase the solar energy generated over 15 years. This solar energy will help contribute to our diverse energy mix.
In the middle of a sunny day, rooftop solar could soon supply more energy than South Australia needs at that time of day. But when the sun goes down, this generation tails off, which is also when peak demand kicks in. Read more about the impact of rooftop solar on demand.
With ongoing debate about the National Energy Guarantee, there has been a bit of discussion about the merits of ‘demand response’. Demand response is a way to help reduce individual customer bills, improve reliability and reduce the average cost to supply electricity to all households and business.
The National Electricity Market (NEM) is a wholesale energy market which transports electricity from power stations to consumers and large industrial users. As detailed in ‘The Health of the National Electricity Market’ late last year, across the NEM, the mix of generators is changing.
A recent report by KPMG for the Australian Energy Council advised on the principles for successful wholesale electricity market design. The principles developed allow for a robust assessment of market design changes under consideration by Energy Council and market institutions.
On Friday 15 June, the Australian Energy Market Commission (AEMC) released the Retail Energy Competition Review.
Ever wondered how we measure the energy we produce? Net generation is the energy sent to the grid, minus the energy used to produce energy.
Discover the significant changes in NEM capacity and demand over the last 10 years and why a renewable generation mix is cheaper in this context.
The Australian Energy Market Commission (Commission) released a Consultation Paper on a rule change proposal brought forward by the COAG Energy Council.
AGL's response to NSW Independent Pricing and Regulatory Tribunal.
On 16 March, AGL made a submission in response the Australian Energy Regulator’s Draft Retail Pricing Information Guidelines.
Submission to Senate inquiry into the Clean Energy Finance Corporation Amendment (Carbon Capture and Storage) Bill 2017
On 8 February 2018, the Senate referred the Clean Energy Finance Corporation Amendment (Carbon Capture and Storage) Bill 2017 to the Environment and Communications Legislation Committee for inquiry.
On 15 February 2018, the Energy Security Board (ESB) released a consultation paper with further principles on the design of the proposed National Energy Guarantee (Guarantee).
The Victorian Government requested that Infrastructure Victoria consult with industry and stakeholders, and conduct research and analysis into what infrastructure the state needs to enable automated (self-driving) vehicles and zero emission vehicles.
AGL has made a submission to the ACCC regarding its proposal to publish a netback price for LNG.
The energy industry transformation is gaining momentum at both ends of the energy supply chain; from large-scale generation and transmission to the distribution and consumer level.
Enabling customers to take control of their energy use is a positive step in the innovation of energy retail.
Submission: Response to NSW Government's discussion paper on customer protections in a changing energy world
AGL's recent submission n response to NSW Government's discussion paper on customer protections in a changing energy world.
AGL hosted its annual Investor Day yesterday, featuring presentations from members of AGL’s Executive Team. Find out more.
While carbon risk is a reality that every business needs to assess, the closure of Liddell Power Station and the selection of a mixture of energy...
The Australian Bureau of Statistics released the ‘yes’ result of Australia’s marriage equali survey today.
AGL's recent submission in response to the NSW Government's changes to the NSW Social Code.
AGL believes that the energy market transformation presents an important opportunity to empower customers to more fully participate in the broader energy market.
AGL's recent submission in response to the AER’s demand management incentive scheme and allowance mechanism.
AGL's recent submission in response to the AEMC's 2017 Energy sector strategic priorities.
ARENA and the Australian Energy Market Operator have joined forces with companies from across the energy sector to bring ten exciting projects from eight innovators, spanning New South Wales, Victoria and Queensland.
AGL's recent submission on the ESB's Ministerial Power to make Rules.
AGL’s FY17 Sustainability Report covers a range of matters of particular interest to our customers. One of these is energy prices and affordability.
Submission to the Essential Services Commission of Victoria New Draft Decision: Payment Difficulty Framework
AGL made this submission in response to the Essential Services Commission of Victoria Draft Decision on the Safety Net for Victoria Energy.
As electricity demand increases in short-time periods (i.e. heat wave when everyone switches on their air conditioner), additional generation capacity must be brought online quickly but for relatively short periods of time.
There are both opportunities and challenges associated with this inexorable transition which our submission explores in more detail.
AGL's submission seeks to address the focus areas of the NSW Taskforce by looking at three critical actions needed from Federal, State and Local governments.
Dr Alan Finkel presented the Preliminary Report of the Review to the Council of Australian Governments (COAG) Leaders’ Meeting on 9 December 2016.
In January 2017, the AER published a Consultation Paper which set out a range of potential options for the design of both the scheme and innovation allowance.
The Australian Energy Market Operator (AEMO) is consulting on the development of Demand Side Participation (DSP) Information Guidelines.