21.7% Of National Electricity From Renewables

The most recent Cedex report says October saw the largest proportion of renewables on record since data was made available.

Australia’s renewable energy market hit an all time high this October with 21.7 per cent of power in the national electricity market being sourced from renewables.

This is the highest percentage since the Australian Energy Market Operator made data available in 2005, according to a report from the Australian Institute and engineering consultants Pitt&Sherry.

The high level of renewable energy resulted in a drop in emissions from the national electricity market, approximately 0.8 per cent less that the previous year, bringing it back down levels of May 2014.

From the beginning of the year to October, 14.7 per cent of the national electricity market supply was renewable energy– this includes South Australia and the eastern states.

Hugh Saddler from Pitt&Sherry is the lead author of the report and stated that October had the largest share since 1982, a time that saw demand much lower and a large amount of hydropower was used.

“It further demonstrates the potential of a combination of renewable sources to produce very large amounts of power, which will help put downward pressure on future prices as replacement costs impact wholesale prices,” said Saddler.

There was a surprising lack of correlation between whole and historical retail prices shown in the report. While wholesale prices have remained roughly flat for the last two decades, retail prices have been rising sharply since 2007, almost doubling in that time.

Advertisment - Learn more

Saddler said that although there has been lots of discussion on the effect coal plant closures will have on electricity prices, the data from the last 20 years shows wholesale electricity prices being effectively flat in real dollars.

Meaning, price increases were not being pushed further up by wholesales prices, instead by retailers and distribution networks.

“Those concerned about electricity prices for households and business should logically be focused on the distribution and retail side of the issue but, for some reason, we usually hear about production and wholesale concerns from politicians,” said Saddler.

The Author

Hi, my name is Erin and I am a journalist, content creator and editor working within the Public Relations department at Australian Solar Quotes. I am passionate about the continuously developing renewable energy industry. I am eager to educate others about the benefits and advancements of sustainable living, and I encourage you to join the conversation by leaving a comment below.

×

Mel from North Ryde, New South Wales asked for 3 quotes for solar 2 months ago!

Paul from Doolandella, Queensland asked for 3 quotes for solar 2 months ago!

Stephanie from Footscray, Victoria asked for 3 quotes for solar 2 months ago!

Peter from Dawesville, Western Australia asked for 3 quotes for solar 2 months ago!

Helen from Boynewood, Queensland asked for 3 quotes for solar 2 months ago!

michael from Moorebank, New South Wales asked for 3 quotes for solar 2 months ago!

v from Jerrabomberra, New South Wales asked for 3 quotes for solar 2 months ago!

Jim from Ranelagh, Tasmania asked for 3 quotes for solar 2 months ago!

Jann from Ashmore, Queensland asked for 3 quotes for solar 2 months ago!

Bryn from Keperra, Queensland asked for 3 quotes for solar 2 months ago!

Tracey from Aspley, Queensland asked for 3 quotes for solar 2 months ago!

Nancy from Reservoir, Victoria asked for 3 quotes for solar 2 months ago!

George from Ingle Farm, South Australia asked for 3 quotes for solar 2 months ago!

Greg from Taree, New South Wales asked for 3 quotes for solar 2 months ago!

Shane Keeffe from Birkdale, Queensland asked for 3 quotes for solar 2 months ago!

Haroon from Pemulwuy, New South Wales asked for 3 quotes for solar 2 months ago!

Herry from Pagewood, New South Wales asked for 3 quotes for solar 2 months ago!

Michelle from Aspendale, Victoria asked for 3 quotes for solar 2 months ago!

Donna from Cranbourne, Victoria asked for 3 quotes for solar 2 months ago!

George from Cairnlea, Victoria asked for 3 quotes for solar 2 months ago!