Australian Wind Energy Sets New Record In July, Gas-Fired Generation Hits New Low

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Originally published on RenewEconomy.
By Sophie Vorrath

Wind energy generation on Australia’s National Electricity Market achieved a new record in July, generating 1,067GWh for the month.

The new high, recorded in the latest quarterly report from Green Energy Markets, was mirrored by a new low for gas-fired generation, at 1,487GWh for the month; the lowest monthly level for more than two and a half years.


The report says that average wind energy capacity factor in July increased to 38.7 per cent (for pre 2013 plants) and 39.9 per cent including all wind farms.


The LGC price remained fairly stable over the month, closing out July at $52.00. It traded as high as $54.00 on 5 August.


Green Energy Markets says it expects another 0.7 million LGCs are yet to be created for the 2014 generation year, most of which will be for baseline hydro generators, mainly from Hydro Tasmania.


The report estimates that 16.6 million LGCs will be created for 2015 generation year.


Reprinted with permission.

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7 thoughts on “Australian Wind Energy Sets New Record In July, Gas-Fired Generation Hits New Low

  • What’s an LGC?

    • A Large Generator Certificate. Australia has a Renewable Energy Target and to help reach this target rooftop solar gets Small Technology Certificates, while large stuff like wind turbines get Large Technology Certificates. Small Technology Certificates are given up front and can be used to defray the cost of rooftop solar, while Large Technology Certificates are an ongoing thing. They are worth money and can be traded.

      After previously being in favour of it, the current Coalition government injured our Renewable Energy Target, but it’s not dead yet! The opposition has suggested a 50% renewable energy target to be reached by 2030. I am optimistic the chances of this happening, although I still think there is a possibility I will be sent to a reeducation camp until I learn to love coal.

        • I saw that the site you linked to was the Onion and I thought it would be a video of Prime Minister Tony Abbott eating an onion, or rather a ‘shopped in piece of coal. Cause that would be meta. But that was good too.

          • Get residual income weekly… This is a valuable part time job opportunity for everyone… Best thing about it is that you can do this job from comfort of your house and start making 100 to 2000 dollars every week … Click on my profile name to learn more about it

      • I just searched for a humorous but ironic internet meme to go with your reeducation camp. Can you guess who crops up when you do a google image search for “coal is good”?

        • Who could it possibly be?

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