Power and gas networks

  • Energy storage and flexibility

    Australian Chart of the week | Hydrogen plants could profit in South Australia

    The South Australian Labor party has committed to building a hydrogen production, storage and electricity generation facility if elected at the next SA State election. Their proposal includes a $220 million 250 MWe electrolyser, $31 million for 3,600 tonnes of liquefied hydrogen storage and $342 million for a 200MW CCGT...

  • Power and gas networks

    Australian Chart of the week | Green hydrogen costs plummet, LNG prices soar

    The ACCC currently calculates the LNG netback price as the price a gas exporter could receive for gas exports excluding the costs to convert and ship the gas. Asian cold weather and supply bottlenecks have driven the February LNG netback price to nearly $20 a gigajoule, more than double the...

  • Power and gas networks

    Lower prices but a similar story for those setting the price

    2020 was one for the books with plenty of interesting events happening worldwide and also in the energy markets. For the NEM specifically, it was a time of significant changes in price outcomes compared to the previous years of comparatively higher prices. However, now comes the question of whether NEM...

  • Energy storage and flexibility

    Australian Chart of the week | Battery of the nation + hydrogen export: Can they do both?

    The Tasmanian government have announced that they will set a target to double their current renewable generation by 2040. Based on current market dynamics, this means that Tasmania will likely need consistent renewable generation of around 2.4 GW (assuming average requirements) or 3.4 GW (if scaled to peak demand). This...

  • Power and gas networks

    Australian Chart of the week | All gas demands are equal; but some are more equal than others

    One of the key objectives of the federal government’s proposal for a ‘gas-led recovery’ - besides building a 250MW gas-powered generator (GPG) - is reducing gas prices through increased supply to domestic consumers. The proposal highlights the need to invest in domestic gas exploration and transportation, as well as create...

  • Power and gas networks

    Australian Chart of the week | Your hearts must have the courage for the changing of the guards

    Policy and regulation changes in the National Electricity Market continue to accelerate with around 26 active rule changes underway. This week we wanted to look at the quantitative impact of one of the most talked about issues in the NEM this year – System Strength. There are currently 3 rule...

  • Power and gas networks

    Australian Chart of the week | Need a little controversy; ‘cause it feels so empty without me?

    Last week, in our chart of the week we wrote about the Federal Government’s announcement surrounding the replacement of Liddell with 1,000 MW of 24/7 dispatchable gas capacity. A week can be a long time as this figure has now fallen to 250MW – much more in line with AEMO’s...

  • Energy storage and flexibility

    Australian Chart of the week | GPG: From middle of the order to the nightwatchman?

    Across multiple reports published in recent weeks, the topic of changing supply dynamics has been a key focus as more renewable energy resources continue to enter the system including both grid-scale and behind-the-meter assets. Much of the commentary has focussed on the changing operation of coal generation in the face...

  • Power and gas networks

    Australian Chart of the week | Correlation does not imply causation: the story of GPG demand

    “Gone are the days of $4/GJ gas”. This is a phrase that many following the Australian energy markets have heard numerous times and believed to be true since the advent of the Liquified Natural Gas (LNG) industry in Queensland. For years, this phrase held true with the gas spot price...

  • Low carbon generation

    Chart of the week | Is energy on Santa’s Negative List? New trends for GB power markets

    On 9 December, the UK experienced a negative day-ahead trading price for the first time, with prices for 03:00AM to 04:00AM UTC delivery on the hourly day-ahead auction dropping to -£2.84/MWh.   In this week’s Chart of the Week, we take a look at a first for the GB market, negative...

  • Low carbon generation

    Pixie Chart of the week | H2 affordability: electrolyser load factor functions

    The International Renewable Energy Agency (Irena) – an intergovernmental organisation – published its latest report in September: Hydrogen: a renewable energy perspective. The report demonstrates that hydrogen production is only commercially viable at higher load factors, as illustrated in our Chart of the Week. It is also measured against the levelised...

  • Power and gas networks

    Australian Chart of the week | Elephant in the room: the veiled role of gas markets/supply?

    Queensland Liquified Natural Gas exports commenced in early 2015. Historically, prior to this, gas markets in eastern Australia have been relatively stable. Conventional gas fields supplied large industrial users, business/residential – mass market – load as well as gas-powered generators at relatively low prices. In this Chart of the week,...

  • Low carbon generation

    Pixie Chart of the week | IEA demonstrates a future with hydrogen

    This week's Pixie Chart of the Week demonstrates policies directly supporting hydrogen deployment by target application. It also shows the emphasis being placed on hydrogen-based energy solutions in the transport sector (currently minimal). The International Energy Agency’s (IEA’s) latest report The Future of Hydrogen illustrated that the momentum of hydrogen as a fuel is...

  • Low carbon generation

    Chart of the week | Bootstrap Bill: Western Link HVDC & BSUoS

    The Western Link HVDC, aka “Western Bootstrap”, a 2,200MW, £1bn transmission cable was built to help the UK manage the changing nature of energy production. It helps prevent transmission bottlenecks and increases flows into England and Wales by accommodating the increasingly high volume of power generated in Scotland from wind....

  • Low carbon generation

    Chart of the week | LNG displaces gas interconnector imports

    Since February, the UK’s gas interconnector imports are being displaced in the gas supply mix by a surge in LNG imports. Month-on-month the gas supply mix has changed, with interconnector imports and LNG send-out going from 4.6% and 17.0% of total gas supply in February, to 0.1% and 20.6% respectively...

  • Low carbon generation

    Chart of the week | One year on from ‘Beast from the East’

    On 1 March 2018, during ‘Beast from the East’, National Grid issued a gas deficit warning for the first time since the system was introduced in 2012. The warning followed multiple gas supply outages, including South Hook LNG terminal, Kollsnes gas processing plant, and the BBL interconnector. This resulted in...

  • Low carbon generation

    Chart of the week | Will LNG continue to steer the UK gas market in 2019?

    The historically close relationship between oil prices and European gas contracts has been eroding in recent years, with the traditional price setting role of oil-indexed Russian gas contracts consequently having a decreasing impact on GB energy markets. In this weeks Chart of the Week we look at how Oil’s influence...

  • Low carbon generation

    Chart of the week | Record LNG deliveries amid dampening Asian demand

    In November, 12 LNG tankers arrived at GB terminals, bringing in a total of 1.2bcm (billion cubic metres) of gas to the system, the highest since September 2016 (1.3bcm). Cargoes arrived from Russia, Qatar, Egypt, USA, Trinidad & Tobago, Peru and Equatorial Guinea, with Russia providing the highest volume at...

  • Low carbon generation

    Chart of the week | Will the wholesale bulls finally run out of steam?

    In light of the continuing running of the bulls, this week’s Chart of the Week offers a wholesale market snapshot. It observes what has been driving recent power, gas and commodity prices. It then seeks to offer an outlook for this bullish momentum. Though the chart shows day-ahead gas and power prices...

  • Low carbon generation

    Chart of the week | Tell Sid – Gas assets for sale

    In a week when Iberdrola is rumoured to be interested in selling 2GW of CCGT in GB. We look at the recent change of ownership in this important segment of the generation market. In 2012, when the process of Electricity Market Reform got underway, the Big Six owned (or in...

  • Low carbon generation

    Chart of the Week | Low EU Gas Stocks Bullish for Summer Prices

    The surge in gas demand across Europe from the very cold sting in the tail end of this winter may only have lasted a matter of days. However, the so-called ‘Beast from the East’ also leaves a legacy of increasing demand for gas this summer and low gas stocks. In...