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Energy retailer asks ACCC to probe possible "market gaming" in NSW


24 May 2021
The Australian Competition and Consumer Commission has been asked to investigate potential market gaming in the NSW electricity market over the last week, where prices have repeatedly jumped to the market cap despite no big spikes in demand or supply problems.
Market participants have been stunned by the huge volatility in prices in NSW, and the actions that big utilities have taken in keeping gas generators idle or running down the output of their coal generators.
One retailer and several market analysts have also blamed a last desperate effort by energy incumbents to profit before the introduction of 5-minute settlements in October, or as some sort of “justification” for the government’s “gas-led recovery” strategy. ....

New South Wales , Adrian Merrick , Virpi Arratt , David Leitch , Giles Parkinson , Dylan Mcconnell , Angus Taylor , Energy College , Origin Energy , Energy Locals , Consumer Commission , Australian Competition , Snowy Hydro , Alison Crook , Hunter Valley , Sun Metals , Renew Economy , One Step Off The Grid , Australian Financial , புதியது தெற்கு வேல்ஸ் , டேவிட் லீச் , கில்ஸ் பார்கின்சன் , டிலான் ம்க்காநெல் , அங்குஸ் டெய்லர் , ஆற்றல் கல்லூரி , ஆரிஜிந் ஆற்றல் ,

Sydney angel investor's $100k punt on SA energy start-up


Sydney angel investor’s $100k punt on SA energy start-up
Shared experiences between defence veterans are at the heart of a $100,000 punt by a Sydney investor on a South Australian energy technology start-up.
Business
by Valerina Changarathil
Premium Content
Subscriber only
South Australian start-up IO Energy, which wants to optimise the use of cheap renewable energy, has found its strongest backer in a Sydney family-owned investment group.
Angel investors and brothers Ben and Adrian Waters, who traditionally invest in cyber security and fintech start-ups, have tipped in $100,000 as part of IO Energy s seed funding round that closed at $659,000.
We honestly knew very little about the Australian Energy Market before beginning our research. ....

New South Wales , Rob Morris , Luke Morton , Ben Waters , Australian Army , Australian Energy Market , Energy Locals , Rbio Energy , South Australian , Adrian Waters , No Energy , Waters Family , புதியது தெற்கு வேல்ஸ் , கொள்ளை மோரிஸ் , லூக் மோர்டன் , பென் நீர் , ஆஸ்திரேலிய இராணுவம் , ஆஸ்திரேலிய ஆற்றல் சந்தை , ஆற்றல் உள்ளூர்வாசிகள் , ஐயொ ஆற்றல் , தெற்கு ஆஸ்திரேலிய , ஓ ஆற்றல் ,