Pricing: The Pricing decline in New South Wales and Victoria over recent months came to an end. It increased by 5.8%, 6.5% and 0.6% respectively for calendar years 2018, 2019 and 2020 in New South Wales. In Victoria, pricing increased by 6.1% and 3.4% for 2018 and 2019 and declined by 2.0% for 2020. In Queensland there was an increase of 1.6% for 2018 and a decline of 0.8% and 1.4% respectively for calendar years 2019 and 2020. South Australian pricing fell by 3.5%, 1.9% and 2.7% respectively for 2018, 2019 and 2020.
New Generation in South Australia: South Australia will bring temporary back-up power generators online to prevent blackouts this summer, before they are merged into a permanent Government-owned power station. They will operate on diesel fuel over the next two summers before being relocated to a new site to become a power plant and be switched to gas.
The turbines will be capable of producing up to 276 MW of energy.
The state-owned generators will only be used when required to prevent an electricity supply shortfall. Since the plan was revealed, AGL has announced that they will construct the first new generator in SA since the privatisation of the electricity trust, there will be an upgrade to ENGIE’s Pelican Point plant and Tesla promised to build the world’s largest lithium ion battery at Jamestown.
Springvale Coal Mine: New South Wales Government approval for the extension of a coalmine environmentalists say would have contaminated Sydney’s water supply has been overturned in court.
Activists had been fighting a 2015 decision to add about 13 years to the lift of Springvale colliery’s underground operations.
The “4nature” group challenged the plans unsuccessfully in the Land and Environment Court last year, but the NSW Court of Appeal ruled in their favour.
They were concerned the expansion would pollute water entering catchments which feed into Sydney’s water supply.
The mine, operated by Thai company Centennial Coal in the sole supplier of coal to the Mount Piper power station.
The connection with the Mount Piper power station has spurred further increases in electricity wholesale prices in New South Wales.
Centennial Coal has advised that they have a number of strategies in place to ensure that they can continue operating the mine.
The NSW Government has said it is reviewing the decision.