A quiet week as we continue to wait for AGL to respond to the approximately 400 submissions to their self-admitted insurance policy, also known as MOD1 extension of time.
Some other news this week:
The Conversation discusses how demand management has largely been ignored in the current energy supply debate. They have estimated a potential 10% saving, which is 3.8 gigawatts or 2 Hazelwood power stations’ worth. That is 5 times the Stage 1 capacity of AGL’s massive industrial gas-fired power plant proposed for Dalton.
Australia is “denying gravity” by continuing to encourage coal investments because renewable energy is now competing “head to head” with coal on cost, says the global head of BlackRock’s infrastructure investment group.
A number of new articles this week discuss the decision of the Federal Court under the Limited Merits Review (LMR) process that will add $3 billion to NSW consumer electricity prices for “gold plating” the power infrastructure in the state.
The AEMO has reported seeing a 50-fold increase in wind and solar project requests recently.
“We used to see around 20 a month, now we are seeing 1,000 requests a month,” new CEO Audrey Zibelman said in testimony to a parliamentary committee on the modernisation of Australia’s electricity grid in Canberra on Friday.