FIGHT, FLIGHT OR ADAPT: HOW UTILITIES ARE RESPONDING TO PV & STORAGE

Size: px
Start display at page:

Download "FIGHT, FLIGHT OR ADAPT: HOW UTILITIES ARE RESPONDING TO PV & STORAGE"

Transcription

1 16 July 2015 FIGHT, FLIGHT OR ADAPT: HOW UTILITIES ARE RESPONDING TO PV & STORAGE Australian Clean Energy Summit Hugh Bromley

2 PRODUCTS TO HELP YOU UNDERSTAND THE FUTURE OF ENERGY Solar Wind Other Renewables Gas Energy Smart Technologies Advanced Transport Carbon & RECs Markets Americas Europe, Middle East & Africa Asia Pacific 1

3 UTILITY STRATEGY DECISION TREE FIGHT ADAPT FLIGHT SEEK TO SLOW AND HALT RE DEPLOYMENT POSITION COMPANY TO BENEFIT FROM RE TAKE NO ACTION TO ADDRESS OR BENEFIT FROM RE LOBBY FOR WEAKER RE SUPPORT PUSH ANTI-RE REGULATORY REFORM BUSINESS-AS-USUAL EXIT THE MARKET INTRA-REGIONAL DEVELOPMENT (cannibalistic) EXTRA-REGIONAL DEVELOPMENT (non-cannibalistic) PASSIVE INVESTMENT (projects) ACTIVE INVESTMENT (platforms) ENABLING TECHNOLOGY SERVICE PROVISION Source: Bloomberg New Energy Finance 2

4 FORECAST ELECTRICITY SUPPLY BY SOURCE, % 88% 87% 86% 84% 83% % 80% Small-scale PV 180 Down 10% in four years 73% 63% % Fossil Fuel % 40% Large-scale RE % 0% Percent of supply from fossil fuels Note: See 2040 New Energy Outlook for full technology breakdown. Source: Bloomberg New Energy Finance 3

5 ESTIMATED MARKET VALUE OF ELECTRICITY TRADED IN THE NEM, FY (AUD BN/YR) Renewables Carbon VIC TAS 4 SA 2 QLD 0 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 NSW Note: Dotted column and label indicate the combined revenue of fossil-fuel generators in the NEM. Market value is calculated as product of volume weighted spot price and regional energy demand. Carbon column displays estimated pass-through of AUD 23.0/t carbon price in FY2013 and AUD 24.2/t carbon price in FY2014. Source: Australian Energy Regulator, Australian Energy Market Operator, Bloomberg New Energy Finance. 4

6 MARKET SHARE BY UTILITY 100% 80% Total = 74% 60% Total = 47% 30% 40% 20% 0% 13% 11% 19% 23% 24% Total = 10% Generation capacity Retail customers Large-scale renewable capacity 7% Total = 7% 6% Small-scale PV installations AGL Energy EnergyAustralia Origin Energy Other Source: Bloomberg, Bloomberg New Energy Finance, company filings 5

7 UTILITIES HAVE STRUGGLED TO ATTRACT AND RETAIN CUSTOMERS CUSTOMER SWITCHING OF ELECTRICITY RETAILERS, FY Vic SA NSW QLD 0 FY2010 FY2011 FY2012 FY2013 FY2014 OPERATING INCOME (EBIT) PER CUSTOMER, FY AGL Origin EA -200 FY2010 FY2011 FY2012 FY2013 FY2014 Source: Australian Energy Regulator, Bloomberg New Energy Finance Source: Bloomberg, Bloomberg New Energy Finance, Company filings Note: data displayed for NEM-connected electricity customers only (not natural gas). EBIT (earnings before interest and tax) is displayed for merchant energy and retail business units only. EnergyAustralia data displayed for calendar year ending in noted financial year (due to reporting inconsistencies). 6

8 UTILITY STRATEGY DECISION TREE FIGHT ADAPT FLIGHT SEEK TO SLOW AND HALT RE DEPLOYMENT POSITION COMPANY TO BENEFIT FROM RE TAKE NO ACTION TO ADDRESS OR BENEFIT FROM RE LOBBY FOR WEAKER RE SUPPORT PUSH ANTI-RE REGULATORY REFORM BUSINESS-AS-USUAL EXIT THE MARKET INTRA-REGIONAL DEVELOPMENT (cannibalistic) EXTRA-REGIONAL DEVELOPMENT (non-cannibalistic) PASSIVE INVESTMENT (projects) ACTIVE INVESTMENT (platforms) ENABLING TECHNOLOGY SERVICE PROVISION Source: Bloomberg New Energy Finance 7

9 AUSTRALIAN UTILITY PV SERVICE MODELS Brand Active regions Sales Loan Lease PPA ActewAGL Retail ACT, NSW AGL Energy NSW, VIC, QLD, SA EnergyAustralia NSW, QLD, SA, VIC ERM Power ACT, NSW, NT, QLD, SA, TAS, VIC, WA GoEnergy NSW, QLD, SA, VIC Momentum Energy NSW, SA, VIC Origin Energy ACT, NSW, QLD, SA, VIC Source: Bloomberg New Energy Finance 8

10 FORECASTS SOLAR PV INSTALLATIONS RESIDENTIAL COMMERCIAL & INDUSTRIAL MW GW, million MW, thousand GW Reserved for BNEF clients Reserved for BNEF clients Source: Bloomberg New Energy Finance 9

11 STORAGE PRODUCT PARTNERSHIPS OF AUSTRALIAN UTILITIES AGL Energy EnergyAustralia Origin Energy Manufacturer AU Optronics Enphase Energy Samsung SDI Series PowerLegato AC Battery ESS Product launch mid-2015 early-2016 late-2015 Source: Manufacturers websites 10

12 FORECASTS ENERGY STORAGE INSTALLATIONS RESIDENTIAL COMMERCIAL & INDUSTRIAL MWh, thousand GWh MWh, thousand GWh Reserved for BNEF clients Reserved for BNEF clients Source: Bloomberg New Energy Finance 13

13 FORECAST RESIDENTIAL PENETRATION OF PV AND ENERGY STORAGE, (% OF DWELLINGS) RESIDENTIAL PV Reserved for BNEF clients RESIDENTIAL ENERGY STORAGE Reserved for BNEF clients Note: includes free-standing, semi-detached and apartment blocks. Source: Bloomberg New Energy Finance 14

14 TECHNOLOGY UPTAKE CURVES Note: Residential PV and storage show forecast Australian penetration Source: Michael Felton, The New York Times, Harvard Business Review, Bloomberg New Energy Finance 15

15 TECHNOLOGY UPTAKE CURVES Residential PV Residential storage Note: Residential PV and storage show forecast Australian penetration Source: Michael Felton, The New York Times, Harvard Business Review, Bloomberg New Energy Finance 16

16 FORECAST CUMULATIVE CAPACITY, SMALL-SCALE PV (GW) ENERGY STORAGE (GWH) Reserved for BNEF clients Reserved for BNEF clients Source: Bloomberg New Energy finance 17

17 COPYRIGHT AND DISCLAIMER This publication is the copyright of Bloomberg New Energy Finance. No portion of this document may be photocopied, reproduced, scanned into an electronic system or transmitted, forwarded or distributed in any way without prior consent of Bloomberg New Energy Finance. The information contained in this publication is derived from carefully selected sources we believe are reasonable. We do not guarantee its accuracy or completeness and nothing in this document shall be construed to be a representation of such a guarantee. Any opinions expressed reflect the current judgment of the author of the relevant article or features, and does not necessarily reflect the opinion of Bloomberg New Energy Finance, Bloomberg Finance L.P., Bloomberg L.P. or any of their affiliates ("Bloomberg"). The opinions presented are subject to change without notice. Bloomberg accepts no responsibility for any liability arising from use of this document or its contents. Nothing herein shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Bloomberg of an investment strategy or whether or not to "buy," "sell" or "hold" an investment. 19

18 MARKETS Renewable Energy Energy Smart Technologies Advanced Transport Gas Carbon and RECs SERVICES Americas Service Asia Pacific Service EMEA Service Applied Research Events and Workshops Unique analysis, tools and data for decision-makers driving change in the energy system Hugh Bromley

INVESTING IN A TRANSITIONING SECTOR

INVESTING IN A TRANSITIONING SECTOR INVESTING IN A TRANSITIONING SECTOR Eurelectric conference Jon Moore, CEO NEW INVESTMENT IN CLEAN ENERGY 24-14 ($BN) 32% 17% $318bn -7% $294bn 16% -9% $31bn.5% $272bn $268bn 17% 46% 36% $175bn $25bn $26bn

More information

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable

More information

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy

More information

OFF-GRID SOLAR LIGHTING MARKET TRENDS

OFF-GRID SOLAR LIGHTING MARKET TRENDS OFF-GRID SOLAR LIGHTING MARKET TRENDS 4 th International Off-Grid Lighting Conference COPYRIGHT AND DISCLAIMER This publication is the copyright of Bloomberg New Energy Finance. No portion of this document

More information

H1 2014 LEVELISED COST OF ELECTRICITY - PV

H1 2014 LEVELISED COST OF ELECTRICITY - PV H1 2014 LEVELISED COST OF ELECTRICITY - PV JENNY CHASE 4 FEBRUARY 2014 LCOE OF PV, FEBRUARY 2014 1 PV EXPERIENCE CURVE, 1976-2013 (2013 $/W) 100 Cost per W (2013 $) 1976 10 1985 2003 2006 1 2012 2013 Q3

More information

2015 PV MARKET OUTLOOK

2015 PV MARKET OUTLOOK 15 June 2015 2015 PV MARKET OUTLOOK ASEF, Manila Xiaoting Wang PV NEW BUILD BY YEAR, HISTORICAL AND FORECAST TO 2017 (CONSERVATIVE) 55.5GW 61.0GW 61.3GW 40.0GW 45.0GW 28.5GW 30.7GW 18.2GW 6.6GW 7.7GW 2008

More information

GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT

GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT 09 January 2015 GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT Rebound in clean energy investment in 2014 beats expectations Luke Mills CONTENTS 1. Annual clean energy investment overview 2. Quarterly trends

More information

POLICY BRIEF: Renewable Energy and the Carbon Price Brief prepared for WWF- Australia

POLICY BRIEF: Renewable Energy and the Carbon Price Brief prepared for WWF- Australia REPUTEX ANALYTICS Brief prepared for WWF- REPORT SUMMARY This brief prepared by RepuTex and commissioned by WWF-, examines the relationship between the carbon price and renewable energy generation in.

More information

How extending the investment tax credit would affect US solar build

How extending the investment tax credit would affect US solar build Contents NATIONAL SOLAR BUILD FORECAST...1 UTILITY-SCALE...3 RESIDENTIAL...3 COMMERCIAL AND INDUSTRIAL... How extending the investment tax credit would affect US solar build APPLIED RESEARCH SOLAR ENERGY

More information

Business and Strategy Update. 27 April 2010

Business and Strategy Update. 27 April 2010 Business and Strategy Update 27 April 2010 1 Agenda Contents Retention of US Business Outcome of German and French Asset Sale Processes Focus on Growth in Australia Distribution Guidance and Policy Presenter:

More information

Understanding what is happening to electricity demand

Understanding what is happening to electricity demand Understanding what is happening to electricity demand Hugh Saddler Centre for Climate Economics and Policy Seminar Crawford School, ANU 26 August 2015 TWh TWh Changes in sent out electricity since 2006

More information

CHILE LEVELISED COST OF ENERGY

CHILE LEVELISED COST OF ENERGY CHILE LEVELISED COST OF ENERGY PRESENTED TO NRDC TYLER TRINGAS, ENERGY ECONOMICS APRIL 2011 Chile Levelised Cost of Energy, April 2011 1 CONTENTS Introduction Objectives Levelised Cost of Energy Model

More information

AEMC Electricity Price Trends report released

AEMC Electricity Price Trends report released AEMC Electricity Price Trends report released AUSTRALIAN ENERGY MARKET COMMISSION LEVEL 5, 201 ELIZABETH STREET SYDNEY NSW 2000 T: 02 8296 7800 E: AEMC@AEMC.GOV.AU W: WWW.AEMC.GOV.AU The Australian Energy

More information

GREEN ELECTRICITY WATCH 2007 BUSINESS PRODUCTS

GREEN ELECTRICITY WATCH 2007 BUSINESS PRODUCTS GREEN ELECTRICITY WATCH 2007 BUSINESS PRODUCTS Jay Rutovitz Sustainable Energy Consultant 39 St Thomas Street Bronte, NSW 2024 Email: jay.rutovitz@optusnet.com.au Phone: (02) 9665 1593 Fax: (02) 9340 1103

More information

Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations

Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations Craig Chambers AECOM Australia Pty Ltd of 420 George Street, Sydney, NSW 2000 Australia Keywords : Solar PV, sustainability,

More information

Infigen Energy Energy 2013 conference Renewable Energy Helping Electricity Customers Regain Some Control

Infigen Energy Energy 2013 conference Renewable Energy Helping Electricity Customers Regain Some Control Infigen Energy Energy 2013 conference Renewable Energy Helping Electricity Customers Regain Some Control 20 March 2013 Agenda Agenda Arial Bold 28pt Infigen Overview The Importance of the RET Market Drivers

More information

Port Jackson Partners

Port Jackson Partners Port Jackson Partners NOT JUST A CARBON HIT ON ELECTRICITY PRICES Many factors will drive a doubling of electricity prices in many states by 15. This will have a major impact on virtually all businesses.

More information

How successful have state schemes been in supporting renewable energy and energy efficiency? Ric Brazzale March 2013 www.greenenergytrading.com.

How successful have state schemes been in supporting renewable energy and energy efficiency? Ric Brazzale March 2013 www.greenenergytrading.com. How successful have state schemes been in supporting renewable energy and energy efficiency? Ric Brazzale March 2013 www.greenenergytrading.com.au Content State schemes historically underpinned expansion

More information

Small-scale technology certificates Data modelling for 2015 to 2017

Small-scale technology certificates Data modelling for 2015 to 2017 Small-scale technology certificates Data modelling for 2015 to 2017 Report to the Clean Energy Regulator December 2014 2 Domville Ave Hawthorn VIC 3122 T: 03 9805 0777 F: 03 9815 1066 admin@greenmarkets.com.au

More information

How To Make Money From Renewable Energy

How To Make Money From Renewable Energy Clean energy certificate opportunities for renewable energy installations and energy efficiency upgrade Clean Energy Regional Responses Conference 2014, Kurri Kurri, Friday 21 November2014 Panel session

More information

Australian Remote Renewables: Opportunities for Investment

Australian Remote Renewables: Opportunities for Investment Australian Remote Renewables: Opportunities for Investment The largely untapped remote clean energy market and funding support available from the Australian Government creates an attractive opportunity

More information

Report on impact of the Renewable Energy Target on power prices

Report on impact of the Renewable Energy Target on power prices Report on impact of the Renewable Energy Target on power prices This Report has been prepared for the REC Agents Association (RAA) a national industry association representing companies that create and

More information

Adelaide Brighton Ltd - Analyst. Analyst and investor meetings. Presented by: Mark Chellew Managing Director and CEO. April2013.

Adelaide Brighton Ltd - Analyst. Analyst and investor meetings. Presented by: Mark Chellew Managing Director and CEO. April2013. Adelaide Brighton Ltd Analyst and investor meetings Presented by: Mark Chellew Managing Director and CEO 4 April 2013 Disclaimer The following presentation has been prepared by Adelaide Brighton Limited

More information

Network Pricing and Enabling Metering Analysis. Prepared by ENERGEIA for the Energy Networks Association

Network Pricing and Enabling Metering Analysis. Prepared by ENERGEIA for the Energy Networks Association Network Pricing and Enabling Metering Analysis Prepared by ENERGEIA for the Energy Networks Association November 2014 Executive Summary Rising electricity bills across the country over the past five years

More information

Green Financing Forum Oliver Yates, Chief Executive Officer September 2015. CEFC Mission

Green Financing Forum Oliver Yates, Chief Executive Officer September 2015. CEFC Mission Green Financing Forum Oliver Yates, Chief Executive Officer September 2015 CEFC Mission Accelerate Australia's transformation towards a more competitive economy in a carbon constrained world, by acting

More information

Executive Summary: Distributed Solar Energy Generation

Executive Summary: Distributed Solar Energy Generation RESEARCH REPORT Executive Summary: Distributed Solar Energy Generation Market Drivers and Barriers, Technology Trends, and Global Market Forecasts NOTE: This document is a free excerpt of a larger report.

More information

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Page 1 of 11 F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1 Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Motion 1. That Council resolves that the Chair of the Environment

More information

NATIONAL ELECTRICITY FORECASTING REPORT FOR THE NATIONAL ELECTRICITY MARKET

NATIONAL ELECTRICITY FORECASTING REPORT FOR THE NATIONAL ELECTRICITY MARKET NATIONAL ELECTRICITY FORECASTING REPORT FOR THE NATIONAL ELECTRICITY MARKET Published: JUNE 2014 Copyright 2014. Australian Energy Market Operator Limited. The material in this publication may be used

More information

FINANCING PERSPECTIVE

FINANCING PERSPECTIVE C1 FINANCING PERSPECTIVE European Forum for Science and Industry Olivier Musset Energy Finance Société Générale DISCLAIMER This Presentation has been prepared by Société Générale Corporate and Investment

More information

APA Group UBS Emerging Australian Companies Conference

APA Group UBS Emerging Australian Companies Conference APA Group UBS Emerging Australian Companies Conference Mick McCormack, Managing Director Sydney, 1 April 2009 APA is Australia s leading gas pipeline business Objective Maximise value for securityholders

More information

Past and projected future components of electricity supply to the ACT, and resultant emissions intensity of electricity supplied

Past and projected future components of electricity supply to the ACT, and resultant emissions intensity of electricity supplied Past and projected future components of electricity supply to the ACT, and resultant emissions intensity of electricity supplied transport community industrial & mining carbon & energy Prepared for: ACT

More information

Causes of residential electricity bill changes in Victoria, 1995 to 2013. prepared for: Victorian Electricity Distribution Businesses

Causes of residential electricity bill changes in Victoria, 1995 to 2013. prepared for: Victorian Electricity Distribution Businesses Causes of residential electricity bill changes in Victoria, 1995 to 2013 prepared for: Victorian Electricity Distribution Businesses DISCLAIMER This report has been prepared for the Victorian electricity

More information

INSTITUTE FOR SUSTAINABLE FUTURES NSW BUSINESS ENERGY PRICES TO 2020

INSTITUTE FOR SUSTAINABLE FUTURES NSW BUSINESS ENERGY PRICES TO 2020 INSTITUTE FOR SUSTAINABLE FUTURES NSW BUSINESS ENERGY PRICES TO 2020 NSW business energy prices to 2020 FINAL REPORT Revision 1 FOR THE NSW OFFICE OF ENVIRONMENT AND HERITAGE AUTHORS NICKY ISON, JAY RUTOVITZ

More information

2014 Residential Electricity Price Trends

2014 Residential Electricity Price Trends FINAL REPORT 2014 Residential Electricity Price Trends To COAG Energy Council 5 December 2014 Reference: EPR0040 2014 Residential Price Trends Inquiries Australian Energy Market Commission PO Box A2449

More information

Overview of Rooftop Solar PV Green Bank Financing Model

Overview of Rooftop Solar PV Green Bank Financing Model Overview of Rooftop Solar PV Green Bank Financing Model Sponsored by The Connecticut Clean Energy Finance and Investment Authority and The Coalition for Green Capital Developed by Bob Mudge & Ann Murray,

More information

The Renewable Energy Transition: A Status Report

The Renewable Energy Transition: A Status Report The Renewable Energy Transition: A Status Report Gregory Wetstone President and CEO American Council on Renewable Energy June 1, 2016 REN21 Global Status Report Webinar Leading the transition to a renewable

More information

Benefit of the Renewable Energy Target to Australia s Energy Markets and Economy Report to the Clean Energy Council

Benefit of the Renewable Energy Target to Australia s Energy Markets and Economy Report to the Clean Energy Council Benefit of the Renewable Energy Target to Australia s Energy Markets and Economy Report to the Clean Energy Council August 2012 BENEFITS OF THE RENEWABLE ENERGY TARGET Contents Executive Summary 1 1. Introduction

More information

Prospect for PV Industry over coming 12/18 months

Prospect for PV Industry over coming 12/18 months Prospect for PV Industry over coming 12/18 months Ric Brazzale, July 2013 CEW 2013 PV Market Developments Contents 1. Solar PV market declining 2. Currently tracking to meet the 2013 STC target 3. STC

More information

Energy Productivity & Pricing

Energy Productivity & Pricing Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and

More information

Causes of residential electricity bill changes in Victoria, 1995 to 2014. prepared for: Victorian Electricity Distribution Businesses

Causes of residential electricity bill changes in Victoria, 1995 to 2014. prepared for: Victorian Electricity Distribution Businesses Causes of residential electricity bill changes in Victoria, 1995 to 2014 prepared for: Victorian Electricity Distribution Businesses DISCLAIMER This report has been prepared for the Victorian Electricity

More information

Impact of green energy policies on electricity prices

Impact of green energy policies on electricity prices Impact of green energy policies on electricity prices July 2014 Synergies Economic Consulting Pty Ltd www.synergies.com.au Disclaimer Synergies Economic Consulting (Synergies) and ROAM Consulting (ROAM)

More information

Foratom event 29 April 2015

Foratom event 29 April 2015 Foratom event 29 April 2015 New nuclear in the UK and Electricity Market Reform Colin Parker Head of European Liaison - EDF Energy 1 April 2015 EDF Energy plc. All rights reserved. EDF Energy A UK energy

More information

SOLAR PROJECT FINANCING: Case Studies & Emerging Market Trends Rory Lonergan, Director Corporate and Project Finance. CEFC Mission

SOLAR PROJECT FINANCING: Case Studies & Emerging Market Trends Rory Lonergan, Director Corporate and Project Finance. CEFC Mission SOLAR PROJECT FINANCING: Case Studies & Emerging Market Trends Rory Lonergan, Director Corporate and Project Finance Clean Energy Finance Corporation CEFC Mission Accelerate Australia's transformation

More information

Changes in regulated electricity prices from 1 July 2012

Changes in regulated electricity prices from 1 July 2012 Independent Pricing and Regulatory Tribunal FACT SHEET Changes in regulated electricity prices from 1 July 2012 Based on Draft Determination, 12 April 2012 The Independent Pricing and Regulatory Tribunal

More information

BLOOMBERG NEW ENERGY FINANCE SUMMIT

BLOOMBERG NEW ENERGY FINANCE SUMMIT BLOOMBERG NEW ENERGY FINANCE SUMMIT NEW YORK 8 APRIL 2014 MICHAEL LIEBREICH CHAIRMAN OF THE ADVISORY BOARD TWITTER: @MLIEBREICH #BNEF2014 Michael Liebreich BNEFSummit 2014 Twitter: @Mliebreich #BNEF2014

More information

ELECTRICAL ENERGY REDUCTION IN REFRIGERATION AND AIR CONDITIONING Ken Landymore, Director of Operations, Smartcool Systems Inc.

ELECTRICAL ENERGY REDUCTION IN REFRIGERATION AND AIR CONDITIONING Ken Landymore, Director of Operations, Smartcool Systems Inc. ELECTRICAL ENERGY REDUCTION IN REFRIGERATION AND AIR CONDITIONING Ken Landymore, Director of Operations, Smartcool Systems Inc. 1. INTRODUCTION In the coming decades, actions to limit greenhouse gas emissions

More information

Retail Operating Costs A REPORT PREPARED FOR THE ECONOMIC REGULATION AUTHORITY OF WESTERN AUSTRALIA. March 2012

Retail Operating Costs A REPORT PREPARED FOR THE ECONOMIC REGULATION AUTHORITY OF WESTERN AUSTRALIA. March 2012 Retail Operating Costs A REPORT PREPARED FOR THE ECONOMIC REGULATION AUTHORITY OF WESTERN AUSTRALIA March 2012 Frontier Economics Pty. Ltd., Australia. i Frontier Economics March 2012 Public Retail Operating

More information

Economic Impact of Extending the Section 1603 Treasury Program

Economic Impact of Extending the Section 1603 Treasury Program Economic Impact of Extending the Section 1603 Treasury Program EuPD Research Exclusive Research Services October 12, 2011 Prepared for the Solar Energy Industries Association (SEIA ) Table of Contents

More information

Report to AGEA. Comparative Costs of Electricity Generation Technologies. February 2009. Ref: J1721

Report to AGEA. Comparative Costs of Electricity Generation Technologies. February 2009. Ref: J1721 Report to AGEA Comparative Costs of Electricity Generation Technologies February 2009 Ref: J1721 Project Team Walter Gerardi Antoine Nsair Melbourne Office Brisbane Office 242 Ferrars Street GPO Box 2421

More information

RET review and implications Financing solar

RET review and implications Financing solar RET review and implications Financing solar Ric Brazzale, March 2014 SEIA NSW meeting Contents Where are we now installations, STCs market etc Recent target announcement what does it mean? The RET Review

More information

2015 Retail Competition Review Approach Paper

2015 Retail Competition Review Approach Paper AGL Energy Limited ABN: 74 115 061 375 Level 22, 101 Miller St North Sydney NSW 2060 Locked Bag 1837 St Leonards NSW 2065 T: 02 9921 2999 F: 02 9921 2552 www.agl.com.au 19 February 2015 Australian Energy

More information

4th Basic Plan Targets of Renewable Energy Deployment

4th Basic Plan Targets of Renewable Energy Deployment Yeonji Kim 4th Basic Plan Targets of Renewable Energy Deployment Changes in 2035 RE Share Target ratio of waste has decreased largely PV Generation Capacity Target : 17.5GW by 2035 Expected Share of RE

More information

Smart Grid, Smart City

Smart Grid, Smart City Smart Grid, Smart City National Cost Benefit Assessment 27 November, 2014 Smart Energy Forum Newcastle Institute for Energy and Resources Bob Bosler, Senior Consultant, Energeia Ranelle Cliff, Senior Project

More information

MAPPING THE GAP: The Road from Paris

MAPPING THE GAP: The Road from Paris 27 January 2016 MAPPING THE GAP: The Road from Paris Finance Paths for a 2-Degree Future Ethan Zindler and Ken Locklin PREAMBLE Clean energy investment is poised for rapid growth. Even under a business-as-usual

More information

ENERGY RETAILERS COMPARATIVE PERFORMANCE REPORT PRICING 2013-14

ENERGY RETAILERS COMPARATIVE PERFORMANCE REPORT PRICING 2013-14 PERFORMANCE REPORT PRICING 2013-14 October 2014 An appropriate citation for this paper is: Essential Services Commission 2014, Energy retailers comparative performance report pricing 2013-14, October 2014

More information

August 2014. Industry Report: SolarBusinessServices. Solar Businesses in Australia. Prepared for: Rec Agents Association

August 2014. Industry Report: SolarBusinessServices. Solar Businesses in Australia. Prepared for: Rec Agents Association August 2014 Prepared by: Industry Report: SolarBusinessServices Prepared for: Solar Businesses in Australia Rec Agents Association P a g e 1 RAA Industry Report Solar Businesses in Australia Final 2014

More information

Natural Gas and Electricity Coordination Experiences and Challenges

Natural Gas and Electricity Coordination Experiences and Challenges 1 Natural Gas and Electricity Coordination Experiences and Challenges Challenges Facing the New England Power System Gordon van Welie, President and CEO, ISO New England 2015 IEEE Power & Energy Society

More information

How To Get Energy Efficiency Certificates In Australia

How To Get Energy Efficiency Certificates In Australia State based energy efficiency schemes Sydney, Friday 25 July 2014 9.00am 10.30am Presented by Maaike Gobel M Policy Comm & Org, MA (Eur Studies) Business Development Manager Setting the scene Contraction

More information

Tax Credit Extension: Impact on Renewables Investment and Emissions Outcomes

Tax Credit Extension: Impact on Renewables Investment and Emissions Outcomes CONCORD, MA - WASHINGTON, DC 47 Junction Square Drive Concord, MA 01742 978-369-5533 www.mjbradley.com MJB&A Issue Brief March 7, 2016 Tax Credit Extension: Impact on Renewables Investment and Emissions

More information

Some highlights of the South Australia study include: A large untapped resource: The modelling results show strong growth in

Some highlights of the South Australia study include: A large untapped resource: The modelling results show strong growth in South Australia has enough clean energy potential to power homes remove pollution equivalent to cars create 3,000,000 450,000 5,000 new jobs Australia is in the early stages of a clean energy boom, with

More information

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets

More information

Solar Thermal Electricity. Eduardo Garcia Iglesias Deputy Secretary General of Protermosolar

Solar Thermal Electricity. Eduardo Garcia Iglesias Deputy Secretary General of Protermosolar Solar Thermal Electricity Eduardo Garcia Iglesias Deputy Secretary General of Protermosolar The reasons for a RENEWABLE future The reasons for a brilliant STE future Sustainable future Large deployment

More information

DOE Announces $1B Loan Guarantee Fund For Distributed Energy Projects

DOE Announces $1B Loan Guarantee Fund For Distributed Energy Projects RESEARCH North America Alternative Energy Smart Grid DOE Announces $1B Loan Guarantee Fund For Distributed Energy Projects Financing Structure Aimed At Innovative Large-Scale Distributed Energy Projects

More information

Adelaide Brighton Ltd Morgan Stanley Emerging Companies Conference 14 June 1012. Presented by: Mark Chellew Managing Director & CEO.

Adelaide Brighton Ltd Morgan Stanley Emerging Companies Conference 14 June 1012. Presented by: Mark Chellew Managing Director & CEO. Adelaide Brighton Ltd Morgan Stanley Emerging Companies Conference 14 June 1012 Presented by: Mark Chellew Managing Director & CEO Disclaimer The following presentation has been prepared by Adelaide Brighton

More information

Busting Myths about Renewable Energy

Busting Myths about Renewable Energy Symposium on Renewable Energy: the Future for Australia, UNSW 15 April 2014 Busting Myths about Renewable Energy Dr Mark Diesendorf Institute of Environmental Studies University of New South Wales Sydney,

More information

FACT SHEET. NEM fast facts:

FACT SHEET. NEM fast facts: (NEM) operates on one of the world s longest interconnected power systems, stretching from Port Douglas in Queensland to Port Lincoln in South Australia and across the Bass Strait to Tasmania a distance

More information

THE AUSTRALIAN RENEWABLE ENERGY RACE: WHICH STATES ARE WINNING OR LOSING?

THE AUSTRALIAN RENEWABLE ENERGY RACE: WHICH STATES ARE WINNING OR LOSING? THE AUSTRALIAN RENEWABLE ENERGY RACE: WHICH STATES ARE WINNING OR LOSING? The Climate Council is an independent, crowd-funded organisation providing quality information on climate change to the Australian

More information

APRIL 2014 ELECTRICITY PRICES AND NETWORK COSTS

APRIL 2014 ELECTRICITY PRICES AND NETWORK COSTS APRIL 2014 ELECTRICITY PRICES AND NETWORK COSTS 1 WHAT MAKES UP THE RETAIL ELECTRICITY BILL? Retail electricity bills are made up of a number of components: Wholesale costs reflecting electricity generation

More information

Case Study: The Accomplishments and Shortcomings of Australia s Renewable Energy Target: A Pure Market-Based Support Mechanism

Case Study: The Accomplishments and Shortcomings of Australia s Renewable Energy Target: A Pure Market-Based Support Mechanism RENEWABLE ENERGY INVESTORS AND FINANCIERS Case Study: The Accomplishments and Shortcomings of Australia s Renewable Energy Target: A Pure Market-Based Support Mechanism Lessons for Other Jurisdictions

More information

GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT

GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT Bloomberg EMEA Summit London, 12 October 2015 Michael Liebreich Chairman of the Advisory Board Twitter: @mliebreich NEW INVESTMENT IN CLEAN ENERGY 2004 14 ($BN)

More information

2013 Residential Electricity Price Trends

2013 Residential Electricity Price Trends FINAL REPORT 2013 Residential Electricity Price Trends 13 December 2013 Reference: EPR0036 Final Report Inquiries Australian Energy Market Commission PO Box A2449 Sydney South NSW 1235 E: aemc@aemc.gov.au

More information

Why Policy Matters. Renewable Energy Market Momentum at Risk. June 2015

Why Policy Matters. Renewable Energy Market Momentum at Risk. June 2015 Why Policy Matters Renewable Energy Market Momentum at Risk June 2015 Executive Summary Effective policies such as the Production Tax Credit (PTC) and Investment Tax Credit (ITC) have been key motivators

More information

Changes in regulated electricity prices from 1 July 2012

Changes in regulated electricity prices from 1 July 2012 Independent Pricing and Regulatory Tribunal FACT SHEET Changes in regulated electricity prices from 1 July 2012 Based on Final Determination, 13 June 2012 The Independent Pricing and Regulatory Tribunal

More information

Lessons Learned From Stress Testing Loan and Lease Portfolios TONY HUGHES, MANAGING DIRECTOR, HEAD OF SPECIALIZED MODELING

Lessons Learned From Stress Testing Loan and Lease Portfolios TONY HUGHES, MANAGING DIRECTOR, HEAD OF SPECIALIZED MODELING Lessons Learned From Stress Testing Loan and Lease Portfolios TONY HUGHES, MANAGING DIRECTOR, HEAD OF SPECIALIZED MODELING Speaker Tony Hughes, PhD Managing Director Specialized Modeling Dr. Hughes oversees

More information

renewableenergytarget?

renewableenergytarget? whorealybenefitsfromreducingthe renewableenergytarget? Identifyingthecompanieswhowilgainthemost andhow thepublicwilpay august2014 Identifying the companies who will gain the most and how the public will

More information

Utilities Respond to the Rise of Solar

Utilities Respond to the Rise of Solar Falling costs for rooftop solar photovoltaic (PV) systems, tax incentives and other factors are speeding up the growth of PV installations in many parts of the country. According to a new report from the

More information

Long term challenges in reflecting network costs: Pricing and other solutions to manage network challenges. (feat. Network Opportunity Maps)

Long term challenges in reflecting network costs: Pricing and other solutions to manage network challenges. (feat. Network Opportunity Maps) Long term challenges in reflecting network costs: Pricing and other solutions to manage network challenges. (feat. Network Opportunity Maps) Chris Dunstan (Research Director, ISF) AER Tariff Structure

More information

COPY. Simon Corbel' MLA

COPY. Simon Corbel' MLA Simon Corbel' MLA ATTORNEY-GENERAL MINISTER FOR THE ENVIRONMENT AND SUSTAINABLE DEVELOPMENT MINISTER FOR POLICE AND EMERGENCY SERVICES MINISTER FOR WORKPLACE SAFETY AND INDUSTRIAL RELATIONS COPY MEMBER

More information

Western Australia and the Northern Territory are not connected to the NEM, primarily due to the distance between networks.

Western Australia and the Northern Territory are not connected to the NEM, primarily due to the distance between networks. Australia has one of the world s longest alternating current (AC) systems, stretching from Port Douglas in Queensland to Port Lincoln in South Australia and across the Bass Strait to Tasmania a distance

More information

ROAM Consulting Pty Ltd A.B.N. 54 091 533 621. Report to. RET policy analysis. (Cec00011)

ROAM Consulting Pty Ltd A.B.N. 54 091 533 621. Report to. RET policy analysis. (Cec00011) ROAM Consulting Pty Ltd A.B.N. 54 091 533 621 Report to (Cec00011) VERSION HISTORY Revision Date Issued Prepared By Approved By Revision Type 1.0 2014-04-29 Joel Gilmore Clare Giacomantonio Joel Gilmore

More information

EPA s Clean Power Plan: 50 chefs stir the pot

EPA s Clean Power Plan: 50 chefs stir the pot Contents 1. WHAT EPA PROPOSED..2 2. WHAT IT MEANS...2 3. WHAT TO EXPECT...4 APPENDICES...5 EPA s Clean Power Plan: 50 chefs stir the pot In its ground-breaking Clean Power Plan released 2 June, the US

More information

Renewable Energy in Victoria

Renewable Energy in Victoria Renewable Energy in Victoria report 2012 Executive summary The Renewable Energy in Victoria 2012 report provides an overview of Victoria s electricity generation from renewable energy sources in the 2012

More information

Renewable Electricity Generation in Scotland

Renewable Electricity Generation in Scotland Renewable Electricity Generation in Scotland Renewable electricity output 2020 target of 100% (blue line marks progress) Major success - 400% increase in renewable electricity output over 10 years. Scotland

More information

Saft Groupe SA Full year results 2014

Saft Groupe SA Full year results 2014 Saft Groupe SA Full year results 2014 Paris, February 18 th, 2015 Disclaimer This document contains certain forward-looking statements relating to the business, financial performance and results of the

More information

2014 BP Madrid forum on energy & sustainability BP 2014

2014 BP Madrid forum on energy & sustainability BP 2014 14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the

More information

Disclaimer. This presentation does not constitute financial advice.

Disclaimer. This presentation does not constitute financial advice. Page 1 Mighty River Power Interim Results 2012 Disclaimer The information in this presentation was prepared by Mighty River Power Limited with due care and attention with every effort made to ensure its

More information

London, 10 November 2015

London, 10 November 2015 London, 10 November 2015 The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment in 2016 Coal prices remain at rock-bottom

More information

ISBN 978-0-7246-5379-9. Copyright

ISBN 978-0-7246-5379-9. Copyright Comparison of Australian Standing Offer Energy Prices as at 1 July 2015 Printed October 2015 Office of the Tasmanian Economic Regulator Level 3, 21 Murray Street, Hobart TAS 7000 GPO Box 770, Hobart TAS

More information

The Clean Power Plan and Reliability

The Clean Power Plan and Reliability The Clean Power Plan and Reliability PRESENTED TO National Governors Association Jurgen Weiss May 6, 2015 Copyright 2015 The Brattle Group, Inc. Disclaimers and Caveats The views expressed in this presentation

More information

ENERGY RETAILERS COMPARATIVE PERFORMANCE REPORT PRICING 2012-13

ENERGY RETAILERS COMPARATIVE PERFORMANCE REPORT PRICING 2012-13 ENERGY RETAILERS COMPARATIVE PERFORMANCE REPORT PRICING December 2013 An appropriate citation for this paper is: Essential Services Commission 2013, Energy retailers comparative performance report pricing,

More information

Renewable and Alternative Energy Outlook

Renewable and Alternative Energy Outlook Renewable and Alternative Energy Outlook Mary Doswell Senior Vice President Alternative Energy Solutions Governor s Conference on Energy October 13, 2010 Dominion: One of America s Leading Energy Companies

More information

Meridian Energy broker presentation

Meridian Energy broker presentation Meridian Energy broker presentation 4 June, 2014 Meridian Energy will this week give a series of presentations to brokers and their clients on its business. The presentation is attached. For media queries,

More information

RENEWABLE CITIES Case Studies

RENEWABLE CITIES Case Studies As the price of renewable energy continues to drop and regulations on fossil fuel-fired generators tighten, renewable energy sources are increasingly a financially attractive option for many municipalities.

More information

RBS Morgans Queensland Conference

RBS Morgans Queensland Conference 9 October 2013 RBS Morgans Queensland Conference ERM Power Managing Director and CEO Philip St Baker will be speaking at the RBS Morgans Queensland Conference in Brisbane today. A copy of his presentation

More information

GDF SUEZ. Introduction. Jean-François Cirelli

GDF SUEZ. Introduction. Jean-François Cirelli GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance

More information

Egypt Wind Energy Outlook. Reference Code: GDAE0215VPT Publication Date: May 2015 SAMPLE. Egypt Wind Energy Outlook

Egypt Wind Energy Outlook. Reference Code: GDAE0215VPT Publication Date: May 2015 SAMPLE. Egypt Wind Energy Outlook Reference Code: GDAE0215VPT Publication Date: May 2015 1 Table of Contents 1 Table of Contents... 1 1.1 List of Tables... 1 1.2 List of Figures... 1 2 Summary... 2 3... 2 3.1 Wind Power, Installed Capacity

More information

THE AUSTRALIAN NATIONAL ELECTRICITY MARKET: CHOOSING A NEW FUTURE

THE AUSTRALIAN NATIONAL ELECTRICITY MARKET: CHOOSING A NEW FUTURE Australian Energy Market Commission THE AUSTRALIAN NATIONAL ELECTRICITY MARKET: CHOOSING A NEW FUTURE World Energy Forum 13-16 May 2012 Quebec City, Canada Conference Paper John Pierce Chairman 1 Inquiries

More information

What is Climatescope?

What is Climatescope? CLIMATESCOPE 2 3 4 What is Climatescope? An initiative to provide timely, accurate, and actionable data that informs smart investment, corporate, and policy decision making. Ultimate goal: mobilize capital

More information

ELECTRICITY FROM RENEWABLE ENERGY IN VICTORIA 2011 June 2012

ELECTRICITY FROM RENEWABLE ENERGY IN VICTORIA 2011 June 2012 ELECTRICITY FROM RENEWABLE ENERGY IN VICTORIA 2011 June 2012 Executive Summary This report provides an overview of Victoria s electricity generation from renewable energy sources in 2012. The report presents

More information

Emerging Trends in Utility Green Power Products. October 28, 2015

Emerging Trends in Utility Green Power Products. October 28, 2015 Emerging Trends in Utility Green Power Products October 28, 2015 Webinar Logistics Attendees are muted to reduce background noise. Submit questions and comments in writing via the Questions field in the

More information