The first News Byte for the month is a positive outlook from AEMO's 2023 Winter Readiness Report forecasting a less severe winter with lower risks compared to 2022. Developments in the renewables and storage space also features significantly in this month's news.
Renewables announcements featured significant international interest in the purchase of Australian renewable projects, while storage news revealed significant investment decisions from both government and private enterprises. Hydrogen continues to feature in the news with South Australia and Tasmania leading the charge for green hydrogen.
Also featuring heavily in the news were transmission projects with mounting challenges causing significant delays in critical projects and the cancellation of one major wind project in Queensland.
Retail markets news also features large price increases for customers in FY-23/24, with some retailers forecasting strong profits for FY-23/24 while others struggle to remain solvent as the AER issues two more Retailer of Last Resort notices in June.
The sections of the report are listed on the left of the page to assist with navigation and include:
- Renewables
- Storage
- Hydrogen
- Generation
- Transmission
- Gas market
- Financial
- Retail Market
- Power Purchase Agreements
- Policy & Regulation
- Climate & Weather
