7 July 2016 The end of the 2016 Financial Year saw the NEM wide electricity price rally accelerate, with Tasmanian Forward Market prices for 2016/17 up a whopping 55% from their mid-2015 lows. In addition, Large renewable Generation Certificates held above $80/Cert., delivering a double whammy to energy consumers. Download Goanna's Tasmanian Energy Market Update here.
For more information on current Tasmanian energy prices and your cost reduction strategy, call Marc White on 0418 596 162 or e-mail firstname.lastname@example.org
Almost 5 years down the road since this Goanna Energy Presentation, what's changed? You be the judge!
23 June 2016 Tasmanian's breathed a sigh of relief this evening as National Market Operator AEMO announced Basslink's return to service after a 36 Hour outage. Read Basslink's Media Statement on the mechanical failure at the Loy Yang Converter Station here.
22 June 2016 Basslink has issued a Media Statement regarding today's incident where the Cable tripped out, with zero energy flow in either direction from 6.14am, Basslink expect resumption of service at 6pm today following repairs onshore in Victoria. Read the AEMO Market Notice here.
Tasmanian Economic Regulator approves 3.43% Increase to Aurora Energy's Standing Offer (Electricity Tariffs) prices for Residential and Small Business consumers, along with a 6.671c/kWh Feed in Tariff for Small Scale Solar PV systems. Reasons for the decision include increases in the Wholesale cost of Energy and Renewable Energy Certificates, which were only partially offset by reductions in TasNetworks Poles & Wires costs. Read the Regulators Media Release here and the ABC News report by Stephen Smiley here.
20 June 2016 ABC 7PM News Tasmania Reporters Angela Ross, Richard Baines and Ellen Coulter's coverage of the Parliamentary Inquiry into Tasmania's Energy Crisis, including Hydro Tasmania and Basslink relations, watch the video from 1.00min to 6.05min here.
13 June Basslink restored to full operation at 11.51am as final testing completed. By 12.30pm Basslink had 112MW of 6.2c/kWh Energy flowing from the lower price Region (Tas @$62/MWh) into the higher priced Region (Vic at $64/MWh), as the market is designed to do! Read the Hydro Tasmania News Release here and the Basslink media Statement here.
25 May 2016 Congratulations to local Hutchins School STEM Team, who placed Third in their first attempt at Kid Wind USA National Championships in New Orleans.
5 May 2016 The Office of the Tasmanian Economic Regulator publishes its Determination for the Residential and Small Business Feed in Tariff (FiT) at 6.6c/kWh for Small Scale Solar and Renewable Energy Systems.
Download your March 2016 Tasmanian Energy Newsletter here.
7th March 2016 Listen to ABC Radio National Host Fran Kelly 7Min Interview of Goanna Energy consultant Marc White, on the Tasmanian Electricity Supply situation here. Tasmania enters uncharted territory as Hydro Energy in Storage declines to 15.5%, the lowest operating level on record.
3 March 2016 Click here to read The Australian Financial Review story by Ben Potter on Tasmania's energy supply situation.
21th January 2016: Listen to ABC Radio National PM Felicity Ogilvie "Tasmania turning gas fired power station back on to cope with dry hydro dams".
18 January 2016 listen to ABC Statewide Breakfast Host Leon Compton interview Goanna Principal Consultant Marc White on the repair of Basslink and Tasmanian electricity security contingency plans, 10Min Audio file here.
7 January 2016 ABC Statewide Breakfast Host Sarah Gillman interviews Goanna Principal Consultant Marc White on the Basslink fault, Hydro Tasmania storage levels and the Tasmanian electricity outlook. Listen to the 10min Audio file here (it's 5MB so will take a few seconds to load).
NEWS FROM WAY BACK IN 2015:
Clean Energy Council Energy/Battery Storage Safety Summary here.
22 December 2015 The Australian Energy Market Operator (AEMO) released a Media Statement regarding the Basslink Outage which occured on Sunday 20 December and as at 24 December Basslink remains out of service.
For more information on current Tasmanian energy prices, call Marc White on 0418 596 162 or e-mail email@example.com
2 November 2015 ABC Statewide host Sarah Gillman interview's Goanna consultant Marc White on the GBE Annual reports of Hydro Tasmania, TasNetworks and Aurora Energy, as well as the State of the Tasmanian energy market, listen to the 16m Audio here.
29 October 2015 Hydro Tasmania published their 2014/15 Annual Report. Generating an Operating Cash Flow of $25.5m despite a 35% decline in revenue to $1.5b and a 46% decline in Hydro generation compared to 2013/14. The Auditor General's November Report highlighting the inadequate cash flow to fund capital investments and dividends resulting in borrowings from the slide into Negative Free Cash Flow once the $100m Capital Works program is taken into account. Significant impacts to the Income Statement included adjustments for a Revaluation and Impairment gain of $232m, which was partially offset by Fair value losses of $41m on Basslink and $73m on Energy Price Derivatives. Of note the Income sensitivity to electricity price risk exposure from a +/- 10% movement in forward pricing, increased by some 36% to around $145m. Although noting that the generation assets can to some extent provide a "natural" hedging effect to the derivative exposure.
28 October 2015 Aurora Energy published is 2014/15 Annual Report.
On 11th September 2015 ABC Radio Statewide Mornings Host Leon Compton interviewed Goanna Principal Consultant, Marc White on TasNetworks tariff reform, the state of the Tasmanian Energy Market and the GBE Reporting season. Listen to the 9 Min Audio here.
7 May 2015 the Tasmanian State Government has released the Department of State Growth's, Energy Strategy. The report entitled "Tasmanian Energy Strategy – Restoring Tasmania’s Energy Advantage", inludes 43 action items to help restore energy as a competitive advantage for Tasmania. Goanna is proud to have contributed to the Tasmanian Small Business Councils (TSBC) Issues Paper submission as well as our Principal Consultants participation in the Energy Working Group.
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For information on current Tasmanian energy prices, call Marc White on 0418 596 162 or e-mail firstname.lastname@example.org
MAJOR PUBLICATIONS & REPORTS:
2014 Tasmanian Small Business Council submission on TasNetworks Transmission Revenue Proposal 2014/15 to 2018/19. Transmission tariffs feed into retail tariffs and the Tasmanian Small Business Council (TSBC) objective is to have electricity transmission prices falling over the next 5 years. The TSBC Submission is available for download here.
2014 Tasmanian Small Business Council Submission on the Transend Transitional Revenue Proposal. The TSBC Submission welcomes Transend's planned reductions in Cap Ex (to $304M) and Op Ex (to $227M) but notes the impact of falling electricity demand. The TSBC Submission is important because these costs feed straight into Retail Electricity Tariffs and are also passed through to consumers on electricity contracts. The Australian Energy Regulators (AER) Transitional Determination sets the Maximum Allowable Revenue that Transend can levy for its Tasmanian electricity transport services.
2013 The Tasmanian Small Business Council (TSBC) Submission to the Tasmanian Economic Regulator (TER), on the "Proposed Changes to the Interim Price-Regulated Electricity Retail Service Price Determinations", highlighted concerns regarding Retail Margin allowances and Customer Acquisition and Retentions cost allowances, given little evidence that competition will emerge for Tasmania's Residential and Small Business customers (known as Small Offer Customers).
2013 the Tasmanian Small Business Council Submission noted it's concerns that, "the Government has opted for an approach to wholesale market reform which the Independent Panel found to be inferior", Read the full TSBC Submission here.
2013 Tasmanian Small Business Council (TSBC) report "The Final Step: Moving to full retail competition in the Tasmanian electricity market". The report focuses on initiatives to improve electricity competition for Tasmania's small medium enterprise customers. The report was funded by the Consumer Advocacy Panel (AP 497).
2012: TFGA report on the "Relevance of Contestability Aggregation Rules for Tasmanian Tranche 5a".
2011: "Overcoming the Barriers to Embedded Renewable Generation in Tasmania". Despite rising electricity costs, strong business interest and other supporting factors, such as the Mandatory Renewable Energy Target, commercial scale renewable embedded generation projects in Tasmania remain the domain of a handful of committed individuals and companies. This report has stood the test of time, with some readers suggesting it applies nationally. Download the Executive Summary here. Or Download the Full Report here.
April 2013 Newsletter spotlight on managing overdue energy bills & security deposits for businesses.
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