Market Update | 30 August

• AEMO Notes Progress and Opportunities for Grid Scale Electrification
• Electrification one-stop-shop hits trials for VIC residents
• Home Renovations Report bringing energy savings to the fore

AEMO Plots the Course for Australia’s Electric Future

The Australian Energy Market Operator (AEMO) has released its 2024 Electricity Statement of Opportunities (ESOO), detailing the investments needed over the next decade to maintain reliability in the National Electricity Market (NEM).

AEMO CEO Daniel Westerman highlighted the progress of the energy transition so far, with renewable sources now providing 40% of electricity to the east coast.

While short-term reliability has improved, AEMO is preparing for potential low reserve conditions in summer by tendering for off-market reserves in Victoria, New South Wales, and South Australia.

Read the full report here.

Victoria’s New Tool to Lighten the Energy Load

Victoria’s State Electricity Commission (SEC) is kickstarting a statewide energy-saving campaign, introducing an electric home planner to help residents make the switch to electrification easier and more personalised.

This one-stop shop pilot, now rolling out in Casey, Merri-bek, and Ballarat, allows households to create tailored plans and connect with SEC-approved installers. The initiative builds on last year’s successful launch of a similar online tool in the ACT by the territory government and Choice.

Supercharge Your Renovation: Climateworks’ New Interactive Report

Gill Armstrong and the team at Climateworks Centre have just unleashed their latest report, Enabling Australia’s Home Renovation Wave. Packed with interactive tools, this report lets you dive into renovation strategies that slash energy bills and cut emissions, tailored to your state and climate zone. Building on last year’s Climate-ready homes, it also outlines smart policies and regulations to drive investment and support those who need it most.

At Ecovantage, we consistently analyse market activity, policy changes, consultation releases, and creation rates in conjunction with wider landscape activity. This allows us to keep our clients at the forefront of all relevant changes, and to leverage the advantage that this presents. Thank you for your continued support, and please reach out if you have any general or project-specific questions.