• CEFC receives $2 billion boost in funding
• Report finds 60% of Australia’s coal generators over 40 years old
• Nearly 2.5m PRCs traded this week

Federal government commits an additional $2 billion to CEFC.

The Albanese government announced a $2 billion increase in funding to the Clean Energy Finance Corporation (CEFC) on Thursday, hoped to result in $6 billion of private investment in energy transition projects.

In a move described by Australian Industry Group chief Innes Willox as “sensible” and “timely”, it is expected to build on the 4000 jobs and attraction of $12 billion in private investment seen through CEFC investment in 2024.

Over half of coal-fired power generators over 40 years old.

In a report commissioned by the Climate Council, analysis of Australia’s coal-fired power generators has found most are approaching the end of their operational life.

Highlighting the importance of transitioning to more secure and reliable sources of power, a string of power outages have been linked to several generators going offline, resulting in shortened supply and increased energy prices.

PRC market goes into overdrive.

Peak Reduction Certificates (PRCs) were the flavour of the week with approximately 10% of the total surrender target for 2024-2025 exchanged.

For a more detailed analysis, including changes in pricing, please see the Certificate Market section below.

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.