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Users clash with Taylor over price of energy reliability

Users clash with Taylor over price of energy reliability Updated Save Share Energy users led by the Australian Industry Group have clashed with federal minister Angus Taylor over whether proposals to beef up energy security will lower energy costs or whether they are just ‘gold-plated’ overkill. The reforms to the National Electricity Market proposed by the Energy Security Board, the top advisor on energy policy to federal and state governments, include payments to coal and gas plants for capacity that may not be used to ensure supply remains reliable through the transition to clean power. While manufacturers are concerned that that failing to manage the decline of old coal-fired power stations could lead to a significant increase in consumer costs, many argue that some of the proposals are overkill.

Wind and solar help slash electricity default market offers for 2021-22

27 April 2021 Record-breaking investment in large-scale solar and wind energy generation has helped to slash electricity prices for a range of customers in New South Wales, south-east Queensland and South Australia, with a reduction in 2021-22 Default Market Offers set to deliver more than $65 million in bill savings. In its final determination on DMOs published on Tuesday, the Australian Energy Regulator said electricity costs for the 727,000 customers on so-called standing offers would be cut by up to $116 for households and up to $441 for small business, starting July 01. Based on modelling from ACIL Allen, the AER has determined final DMO prices for residential customers in 2021-22 will be between $53 to $102 lower than in 2020-21 in New South Wales, $53 lower in south east Queensland, and $116 lower in South Australia.

Power prices fall as mild summer, renewables reduce generation costs

Power prices fall as mild summer, renewables reduce generation costs
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