|
Latest News:
Delay
in RET Legislation Vote (18/06/09)
The vote to
pass the RET legislation in the Senate has been postponed
until August. Family First Senator Steve Fielding
moved to have the laws sent to a Senate inquiry which is to
re-examine the RETs impact on big business. Senator
Fielding's move was supported by Nick Xenophon and other
conservative parties. Senator Fielding has said that
the Governments intention to tie EITE assistance under the
RET scheme to the CPRS had forced his hand; this claim has
been denied by the Government who have said that their
intentions for renewable energy targets in had been clear
all along.
AEMO (16/06/09)
On July 1st 2009 the new market operator for
electricity and gas will commence operations. The
Australian Energy Market Operator (AEMO) will carry out the
functions currently performed by NEMMCO in addition to the
gas market operators; VenCorp (VIC), the Gas Market Operator
(NSW) and South Australia's REMCo. Included in AEMOs
functions will be a gas market bulleting board and the
continued development of a Short Term Trading Market (STTM)
for gas. AEMO will be publishing a Gas Statement of
Opportunities (GSOO) as well as taking over the development
of the SOO for electricity. Australia will have a national
transmission planner whose functions will be performed by
AEMO. AEMO was established by COAG and developed under the
Ministerial Council on Energy (MCE).
High Pool Prices in Tasmania (15/06/09)
On June 10 and June 11 Tasmania saw extremely high energy
prices. June 10 saw prices between $1000/MWh and $6000/MWh
for 6 half hour trading periods between 6am and 10:30pm.
Similar events occurred on June 11 with pool prices ranging
between $1000/MWh and $10,000/MWh for 10 half hour trading
periods between 1:30am and 8:30pm. During these high pool
prices all of the cheaper bids had been dispatched to meet
demand and higher priced bids between 800MW and 1250MW had
to be dispatched in price bands in excess of $2,000/MWh.
Capacity over Basslink was constrained by the Frequency
Control Special Protection Scheme (FCPS); to maintain
system security according to NEMMCO. The FCPS is a scheme
where the top five industries have this scheme in their
connection agreements, should the largest generator fall
over then the equivalent load needs to be shed immediately.
|
Members Area Login
