11 November: AEMO released the Quarterly Energy Dynamics report for Q3 2018 (PDF 1.8 mB).1 According to the report, Q3 1 (July to 30 September 2018) “recorded the highest NEM hydro generation since 2013, underpinned by record quarterly hydro output from Hydro Tasmania.” This resulted in a substantial reduction to Tasmania’s wholesale electricity price to $43/MWh. The record output also meant a significant increase of 18% in transfers to Victoria and New South Wales via the Basslink interconnector, the highest level since Q4 2016.
13 November: The World Energy Outlook (WEO), the annual publication by the International Energy Agency was presented in London, detailing worldwide trends in energy demand and supply.2 Among its findings, the report details that oil markets are entering a period of renewed uncertainty, natural gas is on the rise with China’s rapid demand growth erasing talk of a ‘gas glut’ and for the first time, the global population without access to electricity fell below 1 billion.
18 November: Along with Japan, New Zealand, and US Vice President Mike Pence, Prime Minister Scott Morrison commits to help build an electricity network providing access to electricity to all areas of Papua New Guinea by 2030.3
20 November: Origin’s demand management trial using AI to shift energy usage to different times of day will be rolled out nationally, after a successful trial with South Australian commercial and industrial customers found that significant savings were on offer.4
23 November: A five-year partnership between Fortescue Metals and the Commonwealth Scientific and Industrial Research Organisation (CSIRO) will look at transporting hydrogen to Asian economies that import energy.5
28 November: WA Premier Mark McGowen announces a lift on fracking ban following a 12-month inquiry finding fracking for unconventional gas can be done safely.6
30 November: Origin announces concession card holders in New South Wales, ACT, Queensland and South Australia on standing offers or non-discounted plans will get an automatic 10 per cent discount on electricity usage charges from 1 January 2019.7
30 November: Energy Minister Angus Taylor announces a new collaboration between the Bureau of Meteorology (BOM) and the Australian Energy Market Operator (AEMO). Data from BOM has been used in recent months to aid in key planning, however senior meteorologists will now work with AEMO to help prepare for weather events that affect electricity supply.8