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Powering Queensland Plan Powering Queensland Plan Ian Chapman Director, Energy Security Taskforce Department of Energy and Water Supply 18 August 2017 Why did we need an integrated energy strategy? Resulting in unprecedented pricing Increasing electricity and outcomes across NEM, gas prices including QLD QLD wholesale electricity price ($/MWh) 100 Issues around system security and gas availability 80 60 40 Lack of integrated national 20 energy and climate policy 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2 The $1.16 billion Powering Queensland Plan Delivering against five objectives: Stable electricity and gas prices for consumers Transition to a low Long-term security carbon electricity of supply KEY sector OBJECTIVES Investment to the Value for state Government 3 Priorities out of the Powering Queensland Plan Planned and measured transition to a low carbon electricity sector Reaffirm commitment to 50% renewable energy target Powering North Queensland Queensland Energy Security Taskforce 4 5050% Percent Renewable Renewable Energy Target Target Government response to the Renewable Energy Expert Panel Final Report ► Commitment to 50% renewable energy target ► 400 MW reverse auction (including 100 MW energy storage) ► Improve network connection, planning and project facilitation processes ► Advocate for policy certainty through efficient, nationally-integrated energy and climate policies ► Set long-term policy mechanism in 2019 54 Powering North Queensland Plan $386 million to strengthen and diversify North Queensland’s energy supply, drive economic growth and support 5000 jobs INDICATIVE ► Strategic transmission infrastructure in TRANSMISSION north and north-west Queensland PATH IN NORTH QLD ► Hydro-electric and pumped storage generation capacity assessment Tableland Sugar Mill Mount Emerald Wind CAIRNS Farm High Road Wind Farm Forsayth Wind Kidston Hydro Ross ► Business case for Burdekin Falls Dam Farm Project River TOWNSVIL Kidston Solar Project Solar Sun Metals Solar LEFarmClare Solar 50 MW hydro-electric power station Farm Farm Hughenden Sun Kennedy Energy ParkFarm - Kennedy Energy Park - Solar ► North Queensland strategic gas pipeline Wind infrastructure options 6 Queensland Energy Security Taskforce Short and long term energy security plans Short-term • Queensland Summer Preparedness Plan for 2017-18 and 2018-19 • Demand Management and Energy Efficiency Strategy Long-term • Finkel Review implementation • Feasibility of strategic transmission in north-west Qld • Study into potential new hydro-electric sites • Feasibility of expanded interconnection • Preparation for 2019 and beyond – Power system modelling 7 Key outcomes: Retail price outcomes 2017-18 Retail electricity 0.5% price increases 3.3% 10.9% lower in Qld than 19.9% mainland NEM 11.5% states ACT 19.0% 9.6% 2.0% Actions to place Wholesale price outcomes – QLD, at 8 Aug 2017 downward pressure 100 96.1 “15.4% $91.15/MWh, on wholesale prices 92.0 reduction 5 June 2017 88.0 have had an 83.9 since PQP immediate effect 79.9 announced” $77.14/MWh, 75.8 8 Aug 2017 71.8 67.7 63.7 59.6 2018 QLD Base futures price ($/MWh) price futures 2018 Base QLD Jul 2016 Jul Jul 2017 Jul Jan 2017 Jun 2017 Jun Oct 2016 Oct Apr 2017 Sep 2016 Feb 2017 Feb Dec 2016 Dec Aug 2017 Aug 2016 Nov 2016 Mar 2017 May 2017 8 EXISTING RENEWABLES Key outcomes: RECENTLY OPERATIONAL 40 MW COMMITTED RENEWABLES Queensland’s SOLAR 17 PROJECTS 1,117 MW renewable energy WIND 2 PROJECT 633 MW generation is set to BIOMASS 1 PROJECT 24 MW double over the 1,814 MW next 12 months, as Lakeland Solar Farm (11 MW) over 1,800 Mount Emerald Wind Farm (180 MW) Normanton Solar Tableland Sugar Mill (24 MW) megawatts of Farm (5 MW) Ross River Solar Farm (135 MW) Sun Metals Solar Farm (125 MW) projects come Kidston Solar Project (50 MW) Clare Solar Farm (100 MW) Daydream Solar Farm (150 MW) Whitsunday Solar Farm (57.5 MW) online Hamilton Solar Farm (57.5 MW) Hughenden Solar Farm (14 MW) Collinsville Solar Power Station (42 MW) Hayman Solar Farm (50 MW) Lilyvale Solar Barcaldine Solar Farm (100 MW) Longreach Solar Farm (15 MW) Farm (25 MW), operational Dec 16 Emerald Solar Park (70 MW) Coopers Gap Windfarm (453 MW) Sunshine Coast Solar Farm (15 MW), operational Jul 17 Darling Downs Solar Farm (110 MW) Oakey Solar Farm (25 MW) 9 Upcoming milestones Strategic Summer Taskforce advice to transmission Strategic Preparedness Govt on Finkel feasibility Taskforce transmission EOI Plan – provided recommendations study to Govt Energy Security Security Energy to Govt Aug Sept Oct Nov Dec Jan Feb Mar First PQP steering Release of Release of 400 Return committee mtg battery MW Reverse Swanbank E to manufacturing auction RFQ service Release of EOI Release of Solar GOC review to 400 MW Planning Government Reverse Guideline Powering Powering Auction EOI Complete 1st Launch round energy Queensland PlanQueensland Renewable regulation energy portal review 10.
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