Australian Energy Regulator’s Post

We’re seeking views on our proposed new dollar amounts above which transmission and distribution businesses must apply the Regulatory Investment Test to proposed capital works projects. ⚡ The test, or RIT as it is most referred to, is a cost-benefit analysis that the businesses undertake themselves to determine if the long-term benefits to consumers of the project outweighs the costs of doing it and by how much for the different project options. The AER sets the guidelines for how the RIT is applied and do compliance checks on behalf of consumers to make sure it is being applied correctly. And every 3 years it’s our job to review the cost thresholds for the RIT-T (for transmission) and the RIT-D (for distribution) to reflect changes in the input costs, such as labour and materials, associated with these large-scale investments. Find out what we are proposing here: https://lnkd.in/gy-AhUaM Submissions close on 8 October 2024. #Energy #Electricity #Transmission #Distribution #Consultation #Stakeholders

New guidance was just released on one of the most interesting aspects of the IRA. The new rules pertain to the new Clean Electricity Investment Tax and Clean Electricity Production Tax, section 45Y and 48E. When the IRA was passed almost two years ago these credits stood out because they are intentionally written to incentivize future technologies. This was uniquely proactive and had to be informed with just how much the industry has changed in the last decade. Here are some quick things to note in the draft guidance: -Energy storage projects get added clarity for the transition from the section 48 credit which starts to sunset December 31, 2024 (for energy storage only). -If a technology uses combustion or gasification, it will need a greenhouse lifecycle study. -Similar to the recent guidance on Section 48, treasury is taking a favorable stance to small-scale interconnection costs. Check it out here: https://lnkd.in/g7JPS-Zb

What projects are eligible for the qualified advanced energy project credit? Find out in our Q&A blog post on Section 48C. #Section48C #IRA #cleanenergy https://hubs.ly/Q02Ljgq50

What projects are eligible for the qualified advanced energy project credit? Find out in our Q&A blog post on Section 48C. #Section48C #IRA #cleanenergy https://hubs.ly/Q02BJY5d0

🌟 Exciting News from Channel JEPA! 🌟 We're thrilled to announce that our company is now offering Energy Performance Certificates (EPCs)! With upcoming regulations in 2026, it will become mandatory for every property to have a valid EPC at the point of sale or rental. 🔍 What does this mean for you? - An EPC is valid for 10 years. - Currently, there's a government grant available that subsidises the cost of obtaining an EPC. But hurry – this offer ends in February! - After the grant ends, homeowners will be responsible for the full cost. ⏰ Why act now? - The process is quick, taking just about 2 minutes. - By applying now, you can save money and avoid future cost increases. - No property will be able to be sold or rented out to new tenants without a valid EPC, and the cost is expected to rise. 🌱 By choosing Channel JEPA for your EPC needs, you're not only complying with future laws but also supporting a new local business. Plus, you're contributing to a more energy-efficient future! 📝 Ready to get started? Check out our application form for the grant wise choice for your property and the environment! Once you have been given the green light for your EPC/JEPA, please get in contact with us straight away, and we will book this in for you. info@channeljepa.co.uk 07797 855366 #JEPA #epc #jerseyci #greenenergy #sustainability #sustainable #localbusiness #getinvolved #climatechange #doyourpart

📢 Today U.S. Department of Energy (DOE) released details for 35 projects across 20 states that received a total of $1.93 billion in allocations of the Section 48C credit (*voluntarily self-disclosed information)!! 48C is an allocated tax credit funded by Biden’s Investing in America agenda through the #IRA, aimed at accelerating clean energy #manufacturing and recycling and reducing greenhouse gas emissions at #industrial facilities. The U.S. Department of the Treasury and Internal Revenue Service anticipate issuing guidance for the second round of the 48C program in the coming weeks, with a submission window for required concept papers anticipated to open by this summer...That's #billions in opportunity just around the corner for clean energy, clean vehicle manufacturing, grid components, critical minerals and materials, industrial decarbonization, and more. The 1st round application process was highly competitive and Boundary Stone Partners is proud to share that: ➡ BSP clients were 6X more likely to be selected ✅ ➡ BSP clients represent $370 million - or nearly 10% - of total allocations 💰 ➡ BSP supported successful applications across all three topic areas, spanning from first-of-a-kind manufacturing facilities to retrofit projects at existing industrial facilities 🏗 🏭 Reach out to me directly or BSP (48C@boundarystone.com) to get started and to learn how we can help position your clean energy project for success! Full list of Applicant Self-Disclosed 48C Projects: https://lnkd.in/gqS6FEdM DOE press release on 48C: https://lnkd.in/gxhy-4bM

EG reports that the government may relax rules around energy performance certificates that would make all commercial buildings below an EPC rating of B ‘effectively obsolete’ by 2030. The news comes amidst growing investor appetite for ESG-compliant assets; as our recent report Opening the Door showed, many GCC investors are willing to pay a premium to acquire ESG-compliant buildings. Check out the full article here: https://ow.ly/zK2m50Tv5jH

CRU Proposed Changes to PSO Levy from October 2024: What Does It Mean for Your Business? The Commission for Regulation of Utilities (CRU) has announced new changes to PSO Levy from 1 October 2024. These levy include: • Domestic Customers: €2.98/month • Small Businesses: €11.10/month • Medium/Large Businesses: €1.37/kVA How Will This Affect Your Business? This new proposal can significantly increase operational costs for many businesses. Now more than ever, it's crucial to optimise energy consumption and reduce unnecessary expenses. Digren Energy Services for Businesses 🏢 To help businesses navigate these changes, we offer a range of specialised services: ✔ Meter Profiling: The transmission and distribution costs are dictated by ESB Networks and Eirgrid. In many cases the Maximum Import Capacity (MIC) is not suitable for the premises. It is your responsibility to ensure you have the correct MIC. Digren Energy Management reviews your bills over the past 12 months and analyses the usage. We then break this down for you and make recommendations to change your MIC if required. ✔ Tariff Analysis: Using your Meter Registration System Operator (MRSO) Actual Quantity (AQ) data Digren will make a recommendation for an electricity tariff best suited to your organisation. ✔ Capacity Adjustments (MIC): We will handle all the paperwork, including submission of connection agreement forms to ESB Networks, and we can monitor your new charges for the year ahead and benchmark them against the previous 12 month period. ✔ Meter Upgrades: If Meter changes are required we will handle all the paperwork and we can monitor your new charges for the year ahead and benchmark them against the previous 12 month period. Let’s Prepare Together for a More Efficient and Sustainable Energy Future 🌿 From Digren Energy we can help your business to mitigate the impact of the new levy proposal, reduce costs, improve energy efficiency and move towards sustainability. Contact us for more information. Read the full article here: https://lnkd.in/gvZ6Pcsn #Energy #Businesses #EnergyEfficiency #Sustainability #CRU #ElectricityRates #SustainableBusiness #EnergySavings

I'm missing #NARUCSUMMER24 this time around, but following along with the action in Florida from afar! Make sure to connect with my RMI colleagues, who've got some exciting research to discuss while you're there: 🏛 Cara Goldenberg and Kaja Rebane, to chat about a framework for reforming traditional cost of service regulation to meet the needs of today's energy systems - through comprehensive performance-based regulation (https://lnkd.in/gtW_YDR4) 🚗 Ben Shapiro, Nick Pesta, and EJ Klock-McCook to discuss our concept note on the steps regulators and utilities can take to more strategically plan for EV growth. It's coming fast, and business as usual practices risk keeping utilities from meeting their obligations - and may leave more cost-effective solutions on the table. Don't miss Ben on the ERE panel on Monday! (https://lnkd.in/gTSCNnw7 ) 🗞 Sarah Toth, PhD on the opportunity for Grid-Enhancing Technologies to make the most of the grid we have, increasing transmission capacity and lowering costs to meet our reliability needs (https://lnkd.in/g69fWGHV). Don't miss Sarah on the Electricity panel on Tuesday! 🔋 All of those folks, plus Joseph Daniel and Gabriella Tosado, PhD, about our thinking on the range of emerging solutions to help address potential load growth, including energy efficiency, grid-enhancing technologies, "clean repowering" (siting new generation at the same point of interconnection as existing or retiring generators), and #virtualpowerplants (VPPs). Research from Kevin Brehm and crew on the actions regulators and utilities can be taking to leverage VPPs for summer peaks here: https://lnkd.in/gN5nPmkM