12 July 2016, Renew Economy, ACT could make windfall gains from bold 100% renewables target Who is the smartest energy minister in the country? At the moment, you would have to say it was the ACT’s Simon Corbell, the mastermind behind the territory’s bold 100 per cent renewable energy target, and who is poised to deliver massive savings to consumers in the nation’s capital. Indeed, if current wholesale electricity prices continue as they are across Australia, the ACT will not just have zero emissions electricity by 2020, it may also be getting most of it for free. This extraordinary situation arises out of the nature of the contracts that the ACT government has written with the project developers who have won its unique reverse auction tenders. The ACT has locked in fixed prices at between $77/MWh and $92/MWh for a total of 400MW of wind energy capacity so far. If the wholesale price is below those contracts, the ACT government pays the difference. If it is above, the ACT electricity utility ActewAGL receives the excess. In the past two months, wholesale prices across Australia have gone through the roof, mostly because of soaring gas prices (at record levels in most states), and supply constraints. Some of these rises have already been passed on to consumers. The first of the ACT commissioned wind farms, the 19MW Coonooer Bridge project in Victoria, opened earlier this year and gets a guaranteed $81.50/MWh from the ACT. But prices in Victoria have regularly jumped above $100/MWh in the past two months. Read More here
Category Archives: Fossil Fuel Reduction
11 July 2016, The Guardian, Leaked TTIP energy proposal could ‘sabotage’ EU climate policy. EU proposal on a free trade deal with the US could curb energy saving measures and a planned switch to clean energy, say MEPs. The latest draft version of the TTIP agreement could sabotage European efforts to save energy and switch to clean power, according to MEPs. A 14th round of the troubled negotiations on a Transatlantic Trade and Investment Partnership (TTIP) free trade deal between the EU and US is due to begin on Monday in Brussels. A leak obtained by the Guardian shows that the EU will propose a rollback of mandatory energy savings measures, and major obstacles to any future pricing schemes designed to encourage the uptake of renewable energies. Environmental protections against fossil fuel extraction, logging and mining in the developing world would also come under pressure from articles in the proposed energy chapter. Join the Guardian Sustainable Business Aus network for news and features on the social and environmental impact of business, as well as other exclusive benefits.Paul de Clerck, a spokesman for Friends of the Earth Europe, said the leaked document: “is in complete contradiction with Europe’s commitments to tackle climate change. It will flood the EU market with inefficient appliances, and consumers and the climate will foot the bill. The proposal will also discourage measures to promote renewable electricity production from wind and solar.” The European commission says that the free trade deal is intended to: “promote renewable energy and energy efficiency – areas that are crucial in terms of sustainability”. The bloc has also promised that any agreement would support its climate targets. In the period to 2020, these are binding for clean power and partly binding for energy efficiency, in the home appliance and building standards sectors. But the draft chapter obliges the two trade blocs to: “foster industry self-regulation of energy efficiency requirements for goods where such self-regulation is likely to deliver the policy objectives faster or in a less costly manner than mandatory requirements”. Read More here
5 July 2016, Renew Economy, Hidden climate report could help Malcolm find the middle. The Climate Change Authority report that some suspected was buried by the Australian government to save it from policy embarrassment during the election campaign, could now make it easier for prime minister Malcolm Turnbull to find the middle ground in a minority government, or one ruling with a razor-thin majority. The CCA report had been expected to be released in late June, but was delayed until after the election, to the obvious relief of the government. So, too, was a report on options for the electricity sector, which had been due for release in April or May, and which leaked reports suggest strongly supported some form of mandatory carbon price. Those reports by the CCA, despite its board being stacked by Turnbull government appointees following the resignation of former chairman Bernie Fraser and other directors, would not have suited the Coalition election platform. They were expected to reaffirm the position that Australia was trailing the world in emission reductions, needed to do more, and would need to adopt a carbon price. And, they would likely note, this would not be anywhere near as expensive as many suggest. That, of course, would not have helped the Coalition election platform, which was to continue with its much criticised Direct Action program, and to lambast any proposals by Labor and the Greens for an economy-wide carbon price and higher renewable energy targets. Read More here
13 June 2016, The Conversation, The hidden energy cost of smart homes. Light globes that change colour with the tap of an app, coffee machines you can talk to, and ovens that know exactly how long to cook your food: our homes are getting smart. These devices, just a few examples of what is known as “the internet of things” (or IOT), have been called the “next great disruptor” and “the second digital revolution”. One of the great hopes of this revolution is that it will help households save energy. Sensors can turn off lights and appliances when not in use, or turn the heating down when people go to bed. Smartphone apps can provide households with more insight into the energy use of their appliances. While estimates vary widely, industry proponents suggest that emerging connected home technologies could help households reduce their energy bills by 10-25%. Such claims are largely speculative given the absence of robust “before and after” research. Social research from Australia and the UK is revealing ways in which IOT might also increase energy demand. We have identified three “hidden” energy impacts which are rarely considered in IOT research or energy-saving predictions. New updates and hardware Read More here