Browsing: National Electricity Market

New data from the Clean Energy Regulator shows a record 17.7 million ACCUs were issued in 2022 with unit numbers forecast to rise again in 2023, while cancellation of ACCUs by private companies increased by 56% compared to the previous year.

• Queensland announces early works on its $5 billion Copperstring project
  
• Australian fuel-cell developer chosen for Amazon accelerator program
  
• Japanese coal-to-hydrogen production in Victoria slated for late this decade

• New $10 million fund to drive waste circularity
  
• Renewable output reduces energy prices and lowers NEM emissions: AEMO
  
• NSW government provides drivers with the option to offset vehicle emissions

Energy retailer Simply Energy has warned that it might leave the Climate Active scheme if it becomes mandatory for companies to make sure 20% of their offsets are ACCUs.

AGL will close its Loy Yang A power plant by the end of FY35, but says its new strategy won't deliver a National Electricity Market that is 1.5-degree aligned.

Both Origin Energy and AGL will release new climate transition plans in the next few months, and AGL's auditor has noted that coal plants might close earlier than forecast.

• Energy ministers agree on "transformation partnership"
  
• Shareholders ask Origin for a climate sensitivity analysis
  
• Past inaction makes 43% reduction a challenge: New analysis

• Electricity legislation should include emissions objective, says Security Board chief
  
• Clean Energy Regulator chief to stay another four years
  
• New Indigenous-led credits scheme launched

It's ironic that Victoria doesn't want fossil generation in the proposed capacity mechanism, when it last year did a secret deal to keep the coal-fired Yallourn power plant open for longer, according Energy Users Association chief executive Andrew Richards.