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Report

National Energy Emissions Audit: electricity update - November 2018

Publisher
Electricity Electricity prices Energy industries Energy resources Renewable energy Electricity demand Australia
Description

Renewable generation in the National Energy Market (NEM) has reached a new record high, with all new energy generation over the last two months due to eight new solar farms coming online in the NEM, the latest findings from the National Energy Emissions Audit show.

Key findings:

  • Renewable energy generation in the NEM has reached a new record high - five consecutive months, and up by over 20% since the beginning of the year.
  • Solar power provided all new renewable energy generation over the last two months, due to eight new large-scale solar plants coming online in the past two months
  • Gas generation has been declining over 2018, down by almost 20% since the beginning of the year, due to high prices and strong competition from renewables.
  • South Australia could afford to shut down all its gas generation following upgrades to the network (including a new SA-NSW transmission link).
  • Snowy hydro has been active all month storing energy from renewables, after ten years of little use.
Publication Details
License type:
All Rights Reserved
Access Rights Type:
open