Tag Archives: Energy Security Board

The energy wars continue in 2018

Josh Frydenberg has just written an opinion piece in the AFR about Why we can’t do without the power of Snowy 2.0.

Can’t do without it, that’s what he said. To impress us he said:

    With only 2 per cent of construction visible above ground, the scheme involved 16 major dams, seven power stations, a pumping station and 225 kilometres of tunnels, pipelines and aqueducts.

Continue reading The energy wars continue in 2018

AGL’s $1.36 billion plan to replace Liddell

Andrew Vesey, CEO of AGL made his attitude to new coal clear:

    “It is very simple: We are overloading the atmosphere with heat-trapping gas and the rest is details,” Mr Vesey told an investor briefing in Sydney, where he again forcefully ruled out any investment in new coal-fired power.

He said there were two strategic imperatives that govern all AGL’s investments – affordability and the tenet that the future will be carbon-constrained, making new coal too risky as an investment.

AGL has confirmed its plans to close the Liddell coal generator in NSW and “replace it with 1.6GW of renewables, plus storage and other technologies – saying it was a smarter, cheaper, cleaner and more reliable option than keeping the ageing and unreliable coal plant open.” Continue reading AGL’s $1.36 billion plan to replace Liddell

LNP pledges cheap electricity for Queensland – vision splendid or hoax?

Here is the vision splendid. The promise is to save a typical Queensland family an average of $160 a year over the next two years, and then a further $300 per year from 2020. LNP leader Tim Nicholls said on TV that the average family would save about 10% on their bills.

I don’t know why that is supposed to be so stunning. Labor is promising $50 pa immediately, plus $146 pa in 2017-18 and $216 pa in 2018-19 from actions taken to put downward pressure on prices since the Queensland Competition Authority struck a new standard price for 2017-18 in early June. Here it is:

Continue reading LNP pledges cheap electricity for Queensland – vision splendid or hoax?

NEG will probably win

According to Giles Parkinson at RenewEconomy, energy minister Josh Frydenberg has written to the Energy Security Board (ESB) to make sure they stay focussed on the task at hand. He has asked them “to restrict its modelling to only one specified short term target, and then assume emissions would “flatline” after that.”

Parkinson says:

    The intention of the order is clear: If the ESB were to factor in a long term target that matched the over-riding goal of the Paris climate treaty (keeping global warming well below 2°C), it would no doubt produce a document for the rapid decarbonisation of Australia’s grid.

Obviously we can’t have any of that nonsense to distract us! Continue reading NEG will probably win