This report has been prepared as part of the ACCC's inquiry into the prices, profits and margins in the supply of electricity in the National Electricity Market. The supplementary report sets out recent market developments, including the effects of the COVID-19 pandemic on electricity use...
The Victorian energy market report looks into the performance of the market when it comes to the retail energy prices customers are paying, the level of service from energy businesses, and the experience of customers facing or anticipating payment difficulty.
This paper highlights that employment in gas-related manufacturing declined while gas in the Northern Territory was very cheap. Fracked gas will be far more expensive, making petrochemical manufacturing in the Territory unviable without massive taxpayer subsidy.
If Australia is the biggest gas exporter in the world, why are we shipping it back in? Because the gas market is dysfunctional - and it means consumers are suffering.
This report argues that the federal government should abandon its current approach of ‘big stick’ threats to the major energy companies. Instead, it should help get the electricity market back on the right track by providing clear, rules-based policies to better manage investments in transmission...
China has recently overtaken the U.S to become the world largest importer of crude oil. In light of this fact, this paper formally compares contributions of demand shocks from China, the U.S and the rest of the world. It finds that China's influence on the...
Victorian energy customers continue to face hundreds of confusing offers from energy retailers, hardship programs that aren’t working and ever growing penalties if they’re late in paying their electricity or gas. This annual report provides a summary of the state's energy market in 2017-18.
After a decade of discussions, China and Russia finally signed a $400 billion, 30 year gas deal in May 2014. But it was only a month later that world oil prices began a steady descent, reshaping China’s outlook towards energy security, and its viewpoint towards...
Emissions trading systems (ETSs) as a cost-effective instrument for emissions control in the power sector are now being implemented or considered across a diverse set of jurisdictions. However, regulation in the power sector may impede or alter the functioning of an ETS.
An emissions trading system (ETS) is a market-based mechanism that is applied to achieve emissions targets at least cost. By fixing a quantity of emissions (the cap), requiring that companies surrender one allowance for each unit of emissions generated and making the allowance tradable, a...