The model chosen by energy ministers to help fix transmission congestion on the grid from the influx of renewables was originally estimated to cost up to 30 times more than the connection fee model recommended by the Energy Security Board.to connect new wind and solar projects to the grid, a preliminary assessment by the Australian Energy Market Operator last year showed it could cost more than $300 million to establish.
An updated cost-benefit analysis of a number of models for the transmission network was presented to energy ministers last Friday but has yet to be publicly released.It is understood the updated costings show the congestion relief model was significantly less than the original $300 million estimate – coming in at less than $100 million – but still higher than the connection fee option.
Clean Energy Investor Group chief executive Simon Corbell, who lobbied hard against the connection fee model, said paying a fixed fee for joining the grid was not supported by industry. Australian Energy Regulator chairwoman Clare Savage said it was important regulators got transmission access right.The priority access model gives access to existing generators over new entrants when there is congestion on the grid.
The move to discard the connection fee model is the second time the Energy Security Board has been sidelined by energy ministers following last December’s decision toA spokeswoman for federal Energy Minister Chris Bowen defended the decision on transmission access reform.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business welcomes Labor’s new cyber security coordinatorBusiness and cyber security figures have welcomed Labor’s creation of a Cyber Security Coordinator to better manage cyber security policy across government.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Thunberg joins indigenous protesters blocking energy ministry over wind farmsClimate activist Greta Thunberg joins protesters in Norway in bid to stop wind turbines being built on land traditionally used by indigenous Sami reindeer herders. so she is against green power now, ? her ego is leading her astray.. But I was told climate change was the greatest risk to human existence and requires enormous sacrifices to mitigate?
Source: abcnews - 🏆 5. / 83 Read more »
Cooper Energy puts go-slow on new gas projectCooper Energy has again pushed out the final investment decision, blaming the Commonwealth’s gas intervention. Another Gas Cartel grifter who no doubt pays no tax
Source: FinancialReview - 🏆 2. / 90 Read more »
‘Quietly confident’: Lakes Blue Energy could make Victoria’s biggest onshore gas discoveryLakes Blue Energy CEO Roland Sleeman says his company has potentially identified the most exciting gas exploration project he has ever come across, which is onshore in Otway, Victoria. “When you look at seismic, the gas-laden sands show up as this magnificent bright golden spot which we can correlate to offshore fields,” he told Sky News host Andrew Bolt. “So we’re quietly confident this will probably be, once we get to drill it, the biggest ever onshore discovery in Victoria.” Mr Sleeman added that they are ready to “take a risk” but it is tiring going through the approvals processes. “It’s a long stretch for a small company and assistance potentially by way of a repayable loan – there are many things that could be done I think to help speed up the process. “Despite that we are going to continue to slog away because we are absolutely convinced we can get there and supply 10 to 20 per cent of Victoria’s demand every year.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Confusion surrounds China’s energy policies as GDP and climate goals clashWave of permits for coal-fired power plants sparks concern as ambitions for GDP growth and lowering emissions come into conflict There is only confusion if you believed China ever cared about reducing emissions over growth. They never did, but they are happy let the west think they do so we continue to cut ourselves off at the knees. Meanwhile China builds it energy generating abilities on all fronts There’s no confusion, at least on behalf of the Chinese Communist Party. GDP always comes first, climate policies are just for foreign usefulidiots.
Source: GuardianAus - 🏆 1. / 98 Read more »
Migrants paid suspected smugglers nearly $12,500 to board 'voyage of death'At least 65 people, including 14 minors, died when their overcrowded wooden boat slammed into shoals 100 meters off the coast of Calabria and broke apart early in rough seas on a trip from Türkiye to Italy. Surely secret intelligence agency around the world could find these smugglers and arrest them all.. unless they are in for the grift. These poor people, what a terrible tragedy. The UN is just not doing enough if anything at all. The world needs to stop funding this usless organisation they are just not keeping people safe. Oh well, that was a pretty bad decision wasn't it!
Source: abcnews - 🏆 5. / 83 Read more »