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1 Results Highlights and Business Update
Results Highlights and Business Update 1 Brett Redman, Managing Director & CEO Financial Results 2 Damien Nicks, Interim CFO Market Update and Outlook 3 Brett Redman, Managing Director & CEO Results Highlights and Business Update Brett Redman Managing Director & CEO Safety Customers People Total Injury Frequency Rate Quarterly Net Promoter Score Employee Engagement Index (per million hours worked) (advocates less detractors) (%) Jun-15 Jun-16 Jun-17 Jun-18 Dec-18 10.9 76 70 62 6.2 5.5 3.8 5.4 4.7 4.3 3.1 3.1 4.1 2.4 No 3.3 (16.9) survey (18.2) (18.1) taken 2.0 1.2 1.8 (22.5) FY15 FY16 FY17 FY18 1H19 (25.4) FY15 FY16 FY17 FY18 1H19 Employees Contractors Combined AGL Energy 2019 Half Year Investor Presentation | 7 February 2019 4 Reduced electricity prices for household and small business customers across all states Assisting customers Standing offer discounts rewarding loyalty; debt relief program helping the vulnerable Ongoing investment in key AGL assets for efficient and reliable generation and supply Building trust Emphasis on key customer and regulatory processes amid rising community expectations $1.9b of new energy supply projects under construction; further $1.5b subject to feasibility Enhancing energy supply Securing pumped hydro options; new residential battery offering ready July 2019 Increase operating expenditure across fleet to support performance and capture value Optimising performance Revised total operating cost targets, retain plan for year-on-year nominal reductions Customer Experience Transformation and ERP upgrade -
Improving Stability in South-Western NSW
Improving stability in south-western NSW RIT-T – Project Specification Consultation Report Region: South Western New South Wales Date of issue: 31 July 2020 Disclaimer This suite of documents comprises TransGrid’s application of the Regulatory Investment Test for Transmission (RIT-T) which has been prepared and made available solely for information purposes. It is made available on the understanding that TransGrid and/or its employees, agents and consultants are not engaged in rendering professional advice. Nothing in these documents is a recommendation in respect of any possible investment. The information in these documents reflect the forecasts, proposals and opinions adopted by TransGrid as at July 2020 other than where otherwise specifically stated. Those forecasts, proposals and opinions may change at any time without warning. Anyone considering information provided in these documents, at any date, should independently seek the latest forecasts, proposals and opinions. These documents include information obtained from the Australian Energy Market Operator (AEMO) and other sources. That information has been adopted in good faith without further enquiry or verification. The information in these documents should be read in the context of the Electricity Statement of Opportunities, the Integrated System Plan published by AEMO and other relevant regulatory consultation documents. It does not purport to contain all of the information that AEMO, a prospective investor, Registered Participant or potential participant in the National Electricity Market (NEM), or any other person may require for making decisions. In preparing these documents it is not possible, nor is it intended, for TransGrid to have regard to the investment objectives, financial situation and particular needs of each person or organisation which reads or uses this document. -
NSW Guide to Corporate Power Purchase Agreements Helping Energy Buyers OCTOBER 2018 to Make the Most of the Growing NSW Renewable Energy Opportunity
NSW GUIDE to CORPORATE POWER PURCHASE AGREEMENTS HELPING ENERGY BUYERS OCTOBER 2018 TO MAKE THE MOST OF THE GROWING NSW RENEWABLE ENERGY OPPORTUNITY THIS PUBLICATION HAS BEEN PUBLISHED IN PARTNERSHIP WITH: 1 Contributors The NSW Guide to Corporate Power Purchase Agreements was developed by Energetics, Norton Rose Fulbright with support from WWF-Australia. The authors appreciate the valuable input provided by industry and other stakeholders in developing this guide. This Guide has been supported by a financial contribution made by the New South Wales Government Department of Planning and Environment. Citation Please cite this report as: Energetics, Norton Rose Fulbright and WWF-Australia, NSW Guide to Corporate Power Purchase Agreements. ISBN 978-0-646-99210-5 Copyright notice All content in this publication is owned. Disclaimer While every reasonable effort has been made to ensure that this document is correct at the time of printing, no representation is made about the accuracy, completeness or suitability of the information in this document for any particular purpose. The authors, its agents and employees disclaim any and all liability to any person in respect of anything or the consequences of anything done or omitted to be done in reliance or upon the whole or any part of this document. The guide outlines things you may wish to consider when making financial decisions. However, the guide does not provide financial advice. Readers should seek appropriate advice when applying the information to their specific needs. 2 3 EXecutiVE SUMMARY Australia’s National Electricity Market is experiencing unprecedented change. New electricity sources will become the cornerstone of a modern, technologically advanced and flexible electricity system in Australia. -
[email protected] Website
30 June 2010 Research Director Environment and Resources Committee Parliament House Brisbane, QLD 4000 By email: [email protected] Website: www.parliament.qld.gov.au/erc Dear Sir/ Madam, Response to Environment and Resources Committee Inquiry into Growing QLD’s Renewable Energy Electricity Sector The Clean Energy Council (CEC) is the peak body representing Australia’s clean energy and energy efficiency industries. Its priorities are to: create the optimal conditions in Australia to stimulate investment in the development and deployment of world’s best clean energy technologies; develop effective legislation and regulation to improve energy efficiency; and work to reduce costs and remove all other barriers to accessing clean energy. The CEC works with members and the government to identify and address the barriers to efficient industry development in the stationary energy sector and energy efficiency. The clean energy industry and its members contribute to the generation of electricity using wind, hydro, solar, biomass, geothermal and ocean energy as well as the emerging technologies and service providers in the energy efficiency sector including solar hot water and cogeneration. The CEC welcomes this opportunity to provide a submission in response to the QLD Parliament Environment and Resources Committee’s Inquiry into Queensland’s Renewable Energy Electricity Sector. Policy Opportunities With its diverse clean energy industry, abundant energy resources and its commitment to reduce greenhouse gas emissions to mitigate the effects of climate change, Queensland is an ideal location to become a leader in the renewable energy industry. To transform to a low carbon economy will require the accelerated deployment of proven clean energy technologies such as wind, hydro, biomass, photovoltaic and cogeneration and the accelerated development of emerging technologies such as solar thermal, geothermal and wave/ocean power. -
Asia Pacific Renewable Energy Insights March 2020 Table of Contents
Asia Pacific Renewable Energy Insights March 2020 Table of contents. Introduction. We continue to be surprised by the momentum in the Our Green Energy practice in Asia Pacific Page energy transition we are witnessing globally and the We were the first firm to establish a dedicated Asia-Pacific Green continued emergence of the Asian renewables sector. In a Energy Group with dedicated renewable energy experts who Introduction 3 decade, renewable power will be the cheapest option for specialise in the full range of no – or low – carbon energy projects, new power supply investments in nearly all Asia-Pacific trading of green energy products, issuance of green bonds, provision of green loans and advising on a broad range of Environment and markets. APAC markets are currently averaging +4% growth Our recent Asian renewables experience 4 Human Health, Safety and Security ("EHSS") issues. Our cross- in renewables in the past five years, compared with +0.5% practice group covers the full spectrum of renewables projects in Europe.1 including onshore and offshore wind, solar, biomass, biofuels, wave/ Our recent global renewables experience 6 tidal, geothermal, hydropower, waste and waste to energy. As countries across the region continue to move ahead with ambitious Renewable Energy in Australia 10 targets for the amount of energy to be generated from renewables and We offer clients unrivalled global coverage combining: what appears to be no shortage of ‘dry powder’ available to deploy > hands-on knowledge of the requirements of the different in the sector, we are continuing to see a significant upward trend in renewable energy technologies; Renewable Energy in Mainland China 14 market activity. -
Transmission Loss Factors) Rule 2020
Australian Energy Market Commission RULE DETERMINATION RULE NATIONAL ELECTRICITY AMENDMENT (TRANSMISSION LOSS FACTORS) RULE 2020 PROPONENT Adani Renewables 27 FEBRUARY 2020 Australian Energy Rule determination Market Commission Transmission loss factors 27 February 2020 INQUIRIES Australian Energy Market Commission PO Box A2449 Sydney South NSW 1235 E [email protected] T (02) 8296 7800 F (02) 8296 7899 Reference: ERC0251 CITATION AEMC, Transmission loss factors, Rule determination, 27 February 2020 ABOUT THE AEMC The AEMC reports to the Council of Australian Governments (COAG) through the COAG Energy Council. We have two functions. We make and amend the national electricity, gas and energy retail rules and conduct independent reviews for the COAG Energy Council. This work is copyright. The Copyright Act 1968 permits fair dealing for study, research, news reporting, criticism and review. Selected passages, tables or diagrams may be reproduced for such purposes provided acknowledgement of the source is included. Australian Energy Rule determination Market Commission Transmission loss factors 27 February 2020 SUMMARY 1 The Australian Energy Market Commission (AEMC or Commission) has made a more preferable rule to provide the Australian Energy Market Operator (AEMO) with greater flexibility to refine and improve the methodology to determine marginal loss factors (MLF). 2 This final rule complements the recent changes the Commission has made to the National Electricity Rules (NER) on improving the transparency of new generation projects.1 It also supports AEMO's work to improve the transparency and predictability of loss factors. Together, these changes are in the long term interest of consumers as they will enable better, more informed decision-making for prospective investors of generation assets. -
Asian Roadshow Presentation
For personal use only 31 DECEMBER 2018 FULL YEAR RESULTS TUESDAY, 26 FEBRUARY 2019 DELIVERING FUTURE ENERGY SPARK INFRASTRUCTURE – AT A GLANCE ASX-listed owner of leading essential service infrastructure businesses MARKET CAPITALISATION(1) $ S&P/ASX 100 Victoria Power SA Power TransGrid 4.0bn Networks Networks CitiPower& Powercor $ REGULATED ASSET BASE 6.0bn (Proportional) 49% 49% 15% SPARK INFRASTRUCTURE SPARK INFRASTRUCTURE SPARK INFRASTRUCTURE $17bn SUPPLYING OWNERSHIP OWNERSHIP OWNERSHIP TOTAL ELECTRICITY 5.6m $ $ $ HOMES AND 6.11bn 4.21bn 6.39bn NETWORK REGULATED ASSET BASE REGULATED ASSET BASE REGULATED ASSET BASE ASSETS(2) BUSINESSES OVER ACROSS 50% 34% 16% 5,300 3 EMPLOYEES STATES SKI PROPORTIONAL SKI PROPORTIONAL SKI PROPORTIONAL ASSET BASE ASSET BASE ASSET BASE Traditional For personal use only supply chain (now evolving) GENERATION TRANSMISSION DISTRIBUTION RETAILER CUSTOMER & BILLING (1) As at 22 February 2019. Balance sheet and other information as at 31 December 2018 (2) Spark Infrastructure has interests in $17bn of total electricity network assets Spark Infrastructure I Investor Presentation I February 2019 2 DELIVERING FUTURE ENERGY DELIVERING FUTURE ENERGY The energy network sector has greater certainty following the completion of several regulatory and industry reviews during 2018; we remain focused on maintaining our sector leading efficiency and benefiting from the transition to renewable and distributed energy Our networks are leaders • Most efficient network assets with high levels of utilisation 1 in efficiency, -
Major Project Assessment
STATE SIGNIFICANT DEVELOPMENT ASSESSMENT Limondale Solar Farm (SSD 8025) 1. BACKGROUND Limondale Sun Farm Pty Ltd (the Applicant) proposes to develop a new 250 megawatt (MW) solar farm (the project) near Balranald (see Figure 1). Figure 1: Regional Context 1 Limondale Solar Assessment Report Figure 2: Project Layout 2 Limondale Solar Assessment Report 1.1 Project setting The project site is 2,049 hectares (ha) and is located off Yanga Way, approximately 14 kilometres (km) south of the town of Balranald, which is approximately 230 km west of Griffith. A Crown Land Travelling Stock Reserve (TSR) bounds the site to the east. The proposed transmission line (500 m) crosses through the TSR to the Transgrid Balranald substation to the east. The development footprint within the project site is 1,025 ha. It is relatively flat in nature and consists mostly of cleared agricultural land that has been used for cropping and grazing over several decades. There are very few landowners in close proximity to the site. The nearest residence is located approximately 2.9 km north of the site (see Figure 2), while a further 5 residences are located up to 6 km from the site. The project adjoins the recently approved Sunraysia Solar Farm to the south. The Department has assessed the potential cumulative impacts of both projects if construction occurred at the same time, including traffic, accommodation and employment considerations. Balranald has recently been identified as a ‘region of interest’ for renewable energy projects because it has good solar resources and spare capacity on the electricity network. 1.2 Project description The project involves the construction of a new solar farm with an initial capacity of 250 MW. -
Regions and Marginal Loss Factors: FY 2020-21
Regions and Marginal Loss Factors: FY 2020-21 July 2021 A report for the National Electricity Market Important notice PURPOSE This document has been prepared by AEMO as the ‘Regions Publication’ under clause 2A.1.3 of the National Electricity Rules (Rules), and to inform Registered Participants of the 2020-21 inter-regional loss equations under clause 3.6.1 of the Rules and 2020-21 intra-regional loss factors under clause 3.6.2 of the Rules. This document has effect only for the purposes set out in the Rules. The National Electricity Law (Law) and the Rules prevail over this document to the extent of any inconsistency. DISCLAIMER The calculation of the loss factors presented in this document incorporates information and forecasts from third parties. AEMO has made every reasonable effort to ensure the quality of the information in this publication but cannot guarantee that any information, forecasts and assumptions are accurate, complete or appropriate for your circumstances. Explanatory information in this document does not constitute legal or business advice, and should not be relied on as a substitute for obtaining detailed and specific advice about the Law, the Rules, any other applicable laws, procedures or policies or the future development of the National Electricity Market power system. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this document: • make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this document; and • are not liable (whether by reason of negligence or otherwise) for any statements or representations in this document, or any omissions from it, or for any use or reliance on the information in it. -
AEMO's 2020 Electricity Statement of Opportunities
2020 Electricity Statement of Opportunities August 2020 A report for the National Electricity Market Important notice PURPOSE AEMO publishes the National Electricity Market Electricity Statement of Opportunities under clause 3.13.3A of the National Electricity Rules. This publication has been prepared by AEMO using information available at 1 July 2020. Information made available after this date may have been included in this publication where practical. DISCLAIMER AEMO has made every reasonable effort to ensure the quality of the information in this publication but cannot guarantee that information, forecasts and assumptions are accurate, complete or appropriate for your circumstances. This publication does not include all of the information that an investor, participant or potential participant in the National Electricity Market might require, and does not amount to a recommendation of any investment. Anyone proposing to use the information in this publication (which includes information and forecasts from third parties) should independently verify its accuracy, completeness and suitability for purpose, and obtain independent and specific advice from appropriate experts. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this document: • make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this document; and • are not liable (whether by reason of negligence or otherwise) for any statements or representations in this document, or any omissions from it, or for any use or reliance on the information in it. VERSION CONTROL Version Release date Changes 1 27/8/2020 Initial release 2 16/9/2020 Section 3.2.1, pp. -
CLEAN ENERGY AUSTRALIA REPORT 2019 REPORT 2019 We Put More Energy Into Your Future
CLEAN ENERGY AUSTRALIA CLEAN ENERGY AUSTRALIA REPORT 2019 AUSTRALIA CLEAN ENERGY REPORT 2019 We put more energy into your future At Equip, we’re fairly and squarely focused on generating the best possible returns to power the financial future of our members. With more than 85 years in the business of reliably delivering superannuation to employees in the energy sector, it makes sense to nominate Equip as the default fund for your workplace. Equip Super fair and square Call Tyson Adams Ph: 03 9248 5940 Mob: 0488 988 256 or email: [email protected] This is general information only. It does not take into account your personal objectives, financial situation or needs and should therefore not be taken as personal advice.Equipsuper Pty Ltd ABN 64 006 964 049, AFSL 246383 is the Trustee of the Equipsuper Superannuation Fund ABN 33 813 823 017. Before making a decision to invest in the Equipsuper Superannuation Fund, you should read the appropriate Equip Product Disclosure Statement (PDS). Past performance is not a reliable indicator of future performance. Equipsuper Financial Planning Pty Ltd (ABN 84 124 491 078, AFSL 455010) is licensed to provide financial planning services to retail and wholesale clients. Equipsuper Financial Planning Pty Ltd is owned on behalf of Equipsuper Pty Ltd. CONTENTS 4 Introduction 6 2018 snapshot 12 Jobs and investment in renewable energy by state 15 Project tracker 16 Policy void risks momentum built by Renewable Energy Target 18 Industry outlook: small-scale renewable energy 19 Industry outlook: large-scale -
Regions and Marginal Loss Factors: FY 2021-22
Regions and Marginal Loss Factors: FY 2021-22 April 2021 A report for the National Electricity Market Important notice PURPOSE This document has been prepared by AEMO as the ‘Regions Publication’ under clause 2A.1.3 of the National Electricity Rules (Rules), and to inform Registered Participants of the 2021-22 inter-regional loss equations under clause 3.6.1 of the Rules and 2021-22 intra-regional loss factors under clause 3.6.2 of the Rules. This document has effect only for the purposes set out in the Rules. The National Electricity Law (Law) and the Rules prevail over this document to the extent of any inconsistency. DISCLAIMER The calculation of the loss factors presented in this document incorporates information and forecasts from third parties. AEMO has made every reasonable effort to ensure the quality of the information in this publication but cannot guarantee that any information, forecasts and assumptions are accurate, complete or appropriate for your circumstances. Explanatory information in this document does not constitute legal or business advice, and should not be relied on as a substitute for obtaining detailed and specific advice about the Law, the Rules, any other applicable laws, procedures or policies or the future development of the National Electricity Market power system. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this document: • make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this document; and • are not liable (whether by reason of negligence or otherwise) for any statements or representations in this document, or any omissions from it, or for any use or reliance on the information in it.