Electricity users will get paid to cut energy use under historic new market reform

https://www.abc.net.au/news/2020-06-11/customers-paid-for-reducing-electricity-demand-radical-change/12343790

Win for community and environmental groups

The Australian Competition and Consumer Commission (ACCC) has welcomed the change.

In a submission to the AEMC, the competition watchdog’s chairman Rod Sims had argued that the historic change had the potential to “constrain the pricing of generation businesses, limit the need for additional generation and lead to lower prices”.

The Australian Energy Council, which represents the big energy retailers and generators, had wanted the changes delayed and to have the capacity to implement demand response limited to existing energy retailers, but this was strongly opposed by the ACCC.

The rule changes are a major victory for a coalition of community and environment groups that fought for the shift to demand response — the Public Interest Advocacy Centre, the Australia Institute and the Total Environment Centre.

These groups have welcomed the reform and the AEMC’s decision to adopt the change in 2021, rather than delay the introduction to 2022 or beyond as requested by the big energy companies.

“Big energy users like factories and farms will be able to earn money by saving energy during heatwaves and at other times when electricity prices are high,” the Australia Institute’s energy lead Dan Cass said.

“This will push down prices for all consumers, improve reliability and help Australia safely retire our 20 remaining coal-fired power stations.”

I’m not sure the environmental groups have really thought this through, or perhaps they’re just not aware of what is going to happen. Those big energy users like factories and farms etc aren’t going to shut down when they stop using energy from the grid. They’re going to switch across to their diesel generator sets and I very much doubt that there is a great deal of exhaust control on most of these standby style diesels.

sibeen said:

Electricity users will get paid to cut energy use under historic new market reform

https://www.abc.net.au/news/2020-06-11/customers-paid-for-reducing-electricity-demand-radical-change/12343790

Win for community and environmental groups

The Australian Competition and Consumer Commission (ACCC) has welcomed the change.

In a submission to the AEMC, the competition watchdog’s chairman Rod Sims had argued that the historic change had the potential to “constrain the pricing of generation businesses, limit the need for additional generation and lead to lower prices”.

The Australian Energy Council, which represents the big energy retailers and generators, had wanted the changes delayed and to have the capacity to implement demand response limited to existing energy retailers, but this was strongly opposed by the ACCC.

The rule changes are a major victory for a coalition of community and environment groups that fought for the shift to demand response — the Public Interest Advocacy Centre, the Australia Institute and the Total Environment Centre.

These groups have welcomed the reform and the AEMC’s decision to adopt the change in 2021, rather than delay the introduction to 2022 or beyond as requested by the big energy companies.

“Big energy users like factories and farms will be able to earn money by saving energy during heatwaves and at other times when electricity prices are high,” the Australia Institute’s energy lead Dan Cass said.

“This will push down prices for all consumers, improve reliability and help Australia safely retire our 20 remaining coal-fired power stations.”

I’m not sure the environmental groups have really thought this through, or perhaps they’re just not aware of what is going to happen. Those big energy users like factories and farms etc aren’t going to shut down when they stop using energy from the grid. They’re going to switch across to their diesel generator sets and I very much doubt that there is a great deal of exhaust control on most of these standby style diesels.

It’s almost as though a better approach would be to drop all these piecemeal measures and just implement a nationwide emissions trading mechanism.

sibeen said:

Electricity users will get paid to cut energy use under historic new market reform

https://www.abc.net.au/news/2020-06-11/customers-paid-for-reducing-electricity-demand-radical-change/12343790

Win for community and environmental groups

The Australian Competition and Consumer Commission (ACCC) has welcomed the change.

In a submission to the AEMC, the competition watchdog’s chairman Rod Sims had argued that the historic change had the potential to “constrain the pricing of generation businesses, limit the need for additional generation and lead to lower prices”.

The Australian Energy Council, which represents the big energy retailers and generators, had wanted the changes delayed and to have the capacity to implement demand response limited to existing energy retailers, but this was strongly opposed by the ACCC.

The rule changes are a major victory for a coalition of community and environment groups that fought for the shift to demand response — the Public Interest Advocacy Centre, the Australia Institute and the Total Environment Centre.

These groups have welcomed the reform and the AEMC’s decision to adopt the change in 2021, rather than delay the introduction to 2022 or beyond as requested by the big energy companies.

“Big energy users like factories and farms will be able to earn money by saving energy during heatwaves and at other times when electricity prices are high,” the Australia Institute’s energy lead Dan Cass said.

“This will push down prices for all consumers, improve reliability and help Australia safely retire our 20 remaining coal-fired power stations.”

I’m not sure the environmental groups have really thought this through, or perhaps they’re just not aware of what is going to happen. Those big energy users like factories and farms etc aren’t going to shut down when they stop using energy from the grid. They’re going to switch across to their diesel generator sets and I very much doubt that there is a great deal of exhaust control on most of these standby style diesels.

maybe they have solar panels and batteries

dv said:

It’s almost as though a better approach would be to drop all these piecemeal measures and just implement a nationwide emissions trading mechanism.

The Market Must Be Efficient Unless It Takes Money Away From Our Corrupt Mates

Bah big business is the lifeblood of our economy, damn hippies.

This ‘new’ scheme is actually just an extension of an existing scheme under the control of the Australian Energy Market Operator (AEMO) and is called the Reliability and Emergency Reserve Trader (RERT) scheme. It’s just letting more players into the market.

dv said:

sibeen said:

Electricity users will get paid to cut energy use under historic new market reform

https://www.abc.net.au/news/2020-06-11/customers-paid-for-reducing-electricity-demand-radical-change/12343790

Win for community and environmental groups

The Australian Competition and Consumer Commission (ACCC) has welcomed the change.

In a submission to the AEMC, the competition watchdog’s chairman Rod Sims had argued that the historic change had the potential to “constrain the pricing of generation businesses, limit the need for additional generation and lead to lower prices”.

The Australian Energy Council, which represents the big energy retailers and generators, had wanted the changes delayed and to have the capacity to implement demand response limited to existing energy retailers, but this was strongly opposed by the ACCC.

The rule changes are a major victory for a coalition of community and environment groups that fought for the shift to demand response — the Public Interest Advocacy Centre, the Australia Institute and the Total Environment Centre.

These groups have welcomed the reform and the AEMC’s decision to adopt the change in 2021, rather than delay the introduction to 2022 or beyond as requested by the big energy companies.

“Big energy users like factories and farms will be able to earn money by saving energy during heatwaves and at other times when electricity prices are high,” the Australia Institute’s energy lead Dan Cass said.

“This will push down prices for all consumers, improve reliability and help Australia safely retire our 20 remaining coal-fired power stations.”

I’m not sure the environmental groups have really thought this through, or perhaps they’re just not aware of what is going to happen. Those big energy users like factories and farms etc aren’t going to shut down when they stop using energy from the grid. They’re going to switch across to their diesel generator sets and I very much doubt that there is a great deal of exhaust control on most of these standby style diesels.

It’s almost as though a better approach would be to drop all these piecemeal measures and just implement a nationwide emissions trading mechanism.

I guess we’ll just have to wait for a liberal government who believe in using market mechanisms to optimise the use of resources.

The Rev Dodgson said:

dv said:

sibeen said:

Electricity users will get paid to cut energy use under historic new market reform

https://www.abc.net.au/news/2020-06-11/customers-paid-for-reducing-electricity-demand-radical-change/12343790

Win for community and environmental groups

The Australian Competition and Consumer Commission (ACCC) has welcomed the change.

In a submission to the AEMC, the competition watchdog’s chairman Rod Sims had argued that the historic change had the potential to “constrain the pricing of generation businesses, limit the need for additional generation and lead to lower prices”.

The Australian Energy Council, which represents the big energy retailers and generators, had wanted the changes delayed and to have the capacity to implement demand response limited to existing energy retailers, but this was strongly opposed by the ACCC.

The rule changes are a major victory for a coalition of community and environment groups that fought for the shift to demand response — the Public Interest Advocacy Centre, the Australia Institute and the Total Environment Centre.

These groups have welcomed the reform and the AEMC’s decision to adopt the change in 2021, rather than delay the introduction to 2022 or beyond as requested by the big energy companies.

“Big energy users like factories and farms will be able to earn money by saving energy during heatwaves and at other times when electricity prices are high,” the Australia Institute’s energy lead Dan Cass said.

“This will push down prices for all consumers, improve reliability and help Australia safely retire our 20 remaining coal-fired power stations.”

I’m not sure the environmental groups have really thought this through, or perhaps they’re just not aware of what is going to happen. Those big energy users like factories and farms etc aren’t going to shut down when they stop using energy from the grid. They’re going to switch across to their diesel generator sets and I very much doubt that there is a great deal of exhaust control on most of these standby style diesels.

It’s almost as though a better approach would be to drop all these piecemeal measures and just implement a nationwide emissions trading mechanism.

I guess we’ll just have to wait for a liberal government who believe in using market mechanisms to optimise the use of resources.

We’ll have to wait until 2007 then.

I’m looking forward to the day when i get paid to not do things, like big industry.

captain_spalding said:

I’m looking forward to the day when i get paid to not do things, like big industry.

Thank Liberal For JobKeeper

captain_spalding said:

I’m looking forward to the day when i get paid to not do things, like big industry.

In this case they’re actually doing something that’s quite vital.

Geddit? Charges?

dv said:

Geddit? Charges?

I’m positive that you shouldn’t be negative.

they can keep loading the country with more people , force the existing mugs to use less power, then just keep chipping away at the advantages of using less power.

the only way to stop using all that evil electricity in australia is to stop taking more people into the country