KOMBINE Plumbing & Electrical’s Post

The Australian Energy Regulator (AER) has today published its final revenue decisions for electricity network businesses. Electricity network businesses are required to submit revenue proposals to the AER every five years outlining how much they intend to recover from consumers over a five-year period ⚡ This article shows the expected revenues for each business for the 2024-29 period, including estimated bill impacts for consumers and small businesses ⬇ #energy #energyprices #electricityprices #businessenergy #businesselectricity #AER #Australia

Numerous reports from independent bodies such as Australian Energy Market Operator (AEMO) and the Australian Competition and Consumer Commission (ACCC) clearly show that Australia has an urgent need for more gas, both for manufacturing and to support Australia’s transition to net zero. Therefore, the proposal from the Coalition to widen the scope of the Capacity Investment Scheme (CIS) to include gas is welcomed by the Energy Users’ Association of Australia (EUAA). “Gas is a critical enabler to realise a least cost transition to net zero,” said EUAA Chief Executive Officer, Mr Andrew Richards. “AEMO’s Integrated System Plan (ISP) includes 15GW of gas peakers that will run infrequently but will be vital to maintaining a reliable energy system.” “Critically, many large Australian manufacturers who make items we use every day like food, building products and paper are struggling to contract affordable gas supply so we welcome a conversation about bringing more gas to market.” Visit the link for our full comments #gas #netzero #energytransition #energyconsumers https://shorturl.at/QyJ2K

The Australian Energy Regulator (AER) has published the State of the energy market 2024 report, which documents the end-to-end operation of Australia’s #energy #market and covers key trends and developments in the #gas and #electricity space. AER Chair, Clare Savage, said that with the sector changing so fast, the importance of #efficiency in the energy system has never been more critical. “We’re calling for a renewed focus on #network #utilisation and improved efficiency – for industry to look for ways to more effectively use the existing network before investing in new #assets. “As #technology evolves and the sector innovates, #consumer protections must also be designed to support an energy system where consumers can use multiple energy services to consume, trade and produce energy. We’ve presented detailed analysis on this issue to energy ministers and look forward to seeing this progressed as part of the National Consumer Energy Resources Roadmap,” Ms Savage said. 

Today the Australian Energy Market Commission (AEMC) has published a final determination that allows virtual power plants to compete directly with large-scale generators in the energy market, to the benefit of all consumers through significant cost savings, lower emissions, and reduced energy prices. The reforms create efficiencies by allowing virtual power plants and commercial and industrial demand response and aggregated batteries to compete directly with traditional power stations. Currently, there is no mechanism for the market to predict how these resources will respond to daily price fluctuations. The Commission's modelling shows that if these resources participate, it could deliver $834 million in cost savings between 2027 and 2050 through more efficient market operation. To overcome initial barriers and secure these long-term benefits for consumers, the reforms include a $50 million incentive scheme for early participants. The new framework will take effect from May 2027, with incentives available from April 2026. Well done to the entire team for delivering this determination. https://lnkd.in/gKWEbVTg

Should the UK Govt be the National Energy System Operator? Government confirms £630m deal with National Grid to acquire Electricity System Operator, confirms October launch date for new publicly-owned agency The government's sweeping clean energy programme took another step forward today, after Ministers confirmed they had reached an agreement with National Grid worth £630m to acquire the Electricity System Operator, paving the way for the agency to be transferred to public ownership. The new National Energy System Operator (NESO) is now scheduled to officially launch on Tuesday 1st October, providing a single state-owned entity for managing electricity and gas network planning in support of the UK's clean energy transition. The new agency is to be chaired by former E.ON CEO Dr Paul Golby, with the current director of National Grid ESO, Fintan Slye, confirmed as the new chief executive. The government said the enterprise value for the agency of £630m will be subject to customary closing adjustments. It added that the majority of taxpayer costs associated with the deal will be recouped via existing charges on energy bills, which previously would have gone to National Grid. Energy Security and Net Zero Secretary Ed Miliband said the move would allow the government to accelerate grid connections for clean energy projects and take a strategic approach to delivering on its goal of a clean power system by 2030. "Today marks a milestone for Britain's energy system as we bring the system operator into public ownership to provide impartial, whole-system expertise on building a network that is fit for the future," he said. "The new National Energy System Operator has a huge role to play in delivering our mission to make Britain a clean energy superpower.   "We need to move Britain off expensive, insecure fossil fuel markets, and onto clean, cheap homegrown power that we control. This is how we reduce bills in the long term, strengthen our energy independence and support skilled jobs across the country. This is another step forward by a government in a hurry to deliver for the British people." Source – businessgreen.com #utilities #ICP #IDNO

Should the UK Govt be the National Energy System Operator? Government confirms £630m deal with National Grid to acquire Electricity System Operator, confirms October launch date for new publicly-owned agency The government's sweeping clean energy programme took another step forward today, after Ministers confirmed they had reached an agreement with National Grid worth £630m to acquire the Electricity System Operator, paving the way for the agency to be transferred to public ownership. The new National Energy System Operator (NESO) is now scheduled to officially launch on Tuesday 1st October, providing a single state-owned entity for managing electricity and gas network planning in support of the UK's clean energy transition. The new agency is to be chaired by former E.ON CEO Dr Paul Golby, with the current director of National Grid ESO, Fintan Slye, confirmed as the new chief executive. The government said the enterprise value for the agency of £630m will be subject to customary closing adjustments. It added that the majority of taxpayer costs associated with the deal will be recouped via existing charges on energy bills, which previously would have gone to National Grid. Energy Security and Net Zero Secretary Ed Miliband said the move would allow the government to accelerate grid connections for clean energy projects and take a strategic approach to delivering on its goal of a clean power system by 2030. "Today marks a milestone for Britain's energy system as we bring the system operator into public ownership to provide impartial, whole-system expertise on building a network that is fit for the future," he said. "The new National Energy System Operator has a huge role to play in delivering our mission to make Britain a clean energy superpower.   "We need to move Britain off expensive, insecure fossil fuel markets, and onto clean, cheap homegrown power that we control. This is how we reduce bills in the long term, strengthen our energy independence and support skilled jobs across the country. This is another step forward by a government in a hurry to deliver for the British people." Source – businessgreen.com #utilities #ICP #IDNO

𝗡𝗘𝗦𝗢 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗳𝗼𝗰𝘂𝘀𝗶𝗻𝗴 𝗼𝗻 𝟱 𝗸𝗲𝘆 𝗮𝗿𝗲𝗮𝘀: Customarily, UK's energy framework has been parted into two majors - gas and electricity - yet to convey a notable change there should be coordination across the entire energy framework, with one single entity answerable for making an interpretation of policy into an implementable strategy. NESO (National Energy System Operator) is focused on these five key areas: Key Preparation Uniting the essential preparation of gas and electricity networks together interestingly and prescribing entire energy solutions for resolving network requirements across gas, electricity, and hydrogen. Security of Supply Distributing medium-to long term appraisals of safety of supply across gas and electricity, considering full scale monetary circumstances and geopolitics arena. Flexibility Surveying the versatility of the energy framework and giving proposals to mitigate risks, considering interactions among gas and electricity as well as different frameworks all the while. Market Advancement Drive the advancement of market plans across gas and electricity, driving business sector members in exploring amazing opportunities for enhancement across business sectors. Net Zero Knowledge Bucket Sharing a free point of view on entire green energy topics will create a rich knowledge hub. Looking at the bright side, it will play a key role in decarbonising the energy sector of the UK. 

the Australian Energy Market Commission (AEMC) has made a final determination and more preferable final rule to improve market arrangements for security services in response to rule change requests from Hydro Tasmania and Delta Electricity aka 'Improving security frameworks for the energy transition (ERC0290)'. The final determination and rule by the AEMC will aim to enhance market arrangements for security services as the energy sector transitions to greater use of inverter-based resources. The rule allows the Australian Energy Market Operator (AEMO) to procure necessary security services and trial new methods for delivering security, ensuring the power system remains secure daily. The rule will be implemented in stages, starting with the transitional services framework on 3 June 2024, followed by improvements to directions reporting on 4 July 2024. The new inertia framework and revisions to cost recovery for non-network security costs will commence on 1 December 2024, with AEMO required to publish the first transition plan for system security. Finally, the full enablement obligations on AEMO will begin on 2 December 2025, by which time system strength service providers must meet the new system strength standard. This structured approach supports a secure power system and aims to reduce reliance on directions throughout the transition. https://lnkd.in/gfRjrn6x

Two markets, one commitment: last week Ireland and Germany both announced procurements of 500MW of long-duration energy storage in the near term. While starting from very different places, and taking different approaches, these announcements are part of a growing trend which recognises: 🔋 Long-Duration Energy Storage is a critical part of decarbonised power systems, and needs to be deployed already 💶 Our energy markets don't work to deliver the volumes needed, and while long term reforms are key we need mechanisms to overcome barriers today ⚡ Technologies are ready and available which can deliver in the near term As policymakers work to turn these commitments into deployments, they should remember that: 💸 Procurement should target valuable projects, not cheap projects ⏲ A range of durations are needed, including multi-day assets to manage increasingly long over/undersupply events 📃 Stakeholder consultation is key to identifying and mitigating distortions and unintended consequences https://lnkd.in/exdtHZam https://lnkd.in/e89bx2Fg

The "State of the Energy Market 2024" report emphasizes the significant transformation occurring within Australia's energy landscape. With rooftop solar installations exceeding 20 GW and representing 25% of the registered generation capacity in the National Electricity Market (NEM), consumers play a pivotal role in our transition to renewable energy. From residential solar systems to the adoption of electric vehicles, Australians are actively influencing the future of energy🔋☀️ #EnergyTransition #RenewableEnergy #SustainableFuture #EnergyEquity #SolarPower #Electrification #Solarpanels #Australianenergy