Tag Archives: Power plants

AGL Top Australian Pollutants Blow Up ‘Easy Exits’ on Emissions | Instant News


Photographer: Carla Gottgens / Bloomberg

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Australia’s biggest energy retailer plans to clean up its climate action overnight – by decoupling all coal-fired plants.

Explore dynamic updates of the earth’s main data points

AGL Energy Ltd. I s aims to separate into a retail and renewable energy business temporarily called ‘New AGL’ and a power generation unit, ‘Primeco.’ The new AGL will have zero Coverage 1 and 2 greenhouse gas emissions on its first day, the company said in an investor presentation.

Scope 1 emissions are usually of greatest utility, as they include emissions generated by fossil fuel power generation during generation. But New AGL will no longer operate the coal-fired power plants that fall under that classification and will instead draw about 75% of its energy from PrimeCo, which will need to account for the pollution.

To read more about emission standards, click here

The split plans are being finalized, and AGL will listen to feedback before determining whether a new generation unit will be registered, and how much ownership of the company New AGL will retain, said AGL Chief Executive Officer Brett Redman in an interview.

Major Pollutants

AGL is Australia’s largest emitter of greenhouse gases

Source: Australian Clean Energy Regulator


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AGL Top Australian Pollutants Blow Up ‘Easy Exits’ on Emissions | Instant News


Photographer: Carla Gottgens / Bloomberg

For a new perspective on a story that matters to Australian business and politics, sign up for our weekly newsletter.

Australia’s biggest energy retailer plans to clean up its climate action overnight – by decoupling all coal-fired plants.

Explore dynamic updates of the earth’s main data points

AGL Energy Ltd. I s aims to separate into a retail and renewable energy business temporarily called ‘New AGL’ and a power generation unit, ‘Primeco.’ The new AGL will have zero Coverage 1 and 2 greenhouse gas emissions on its first day, the company said in an investor presentation.

Scope 1 emissions are usually of greatest utility, as they include emissions generated by fossil fuel power generation during generation. But New AGL will no longer operate the coal-fired power plants that fall under that classification and will instead draw about 75% of its energy from PrimeCo, which will need to account for the pollution.

To read more about emission standards, click here

The split plans are being finalized, and AGL will listen to feedback before determining whether a new generation unit will be registered, and how much ownership of the company New AGL will retain, said AGL Chief Executive Officer Brett Redman in an interview.

Major Pollutants

AGL is Australia’s largest emitter of greenhouse gases

Source: Australian Clean Energy Regulator


.



image source

AGL Top Australian Pollutants Blow Up ‘Easy Exits’ on Emissions | Instant News


Photographer: Carla Gottgens / Bloomberg

For a new perspective on a story that matters to Australian business and politics, sign up for our weekly newsletter.

Australia’s biggest energy retailer plans to clean up its climate action overnight – by decoupling all coal-fired plants.

Explore dynamic updates of the earth’s main data points

AGL Energy Ltd. I s aims to separate into a retail and renewable energy business temporarily called ‘New AGL’ and a power generation unit, ‘Primeco.’ The new AGL will have zero Coverage 1 and 2 greenhouse gas emissions on its first day, the company said in an investor presentation.

Scope 1 emissions are usually of greatest utility, as they include emissions generated by fossil fuel power generation during generation. But New AGL will no longer operate the coal-fired power plants that fall under that classification and will instead draw about 75% of its energy from PrimeCo, which will need to account for the pollution.

To read more about emission standards, click here

The split plans are being finalized, and AGL will listen to feedback before determining whether a new generation unit will be registered, and how much ownership of the company New AGL will retain, said AGL Chief Executive Officer Brett Redman in an interview.

Major Pollutants

AGL is Australia’s largest emitter of greenhouse gases

Source: Australian Clean Energy Regulator


.



image source

LNG imports drive the projection of Australia’s gas supply gap until 2026 | Instant News


MELBOURNE, March 29 (Reuters) – Billionaire Andrew Forrest’s plans to set up a liquefied natural gas (LNG) terminal by 2022 mean Australia will not experience a supply shortage until 2026, two years later than previously thought, the energy market operator said. on Monday.

“This development comes at a critical juncture, as existing Victoria production is declining faster than previously projected,” Nicola Falcon, group manager of Australian Energy Markets Operators group said in a statement accompanying the closely watched AEMO outlook.

Producers’ estimates for the maximum daily capacity of the existing, committed and anticipated southern farms in 2023 are almost 20% lower now than last year, said AEMO.

Gas fields in the Gippsland Basin, which mostly supply the southern states, are depleted, and lose the flexibility to increase production during peak winter demand.

LNG imports and gas storage will be required to cover peak demand.

Forrest’s Energy Squadron won state approval to build an LNG import terminal at Port Kembla in New South Wales, aiming to be ready by the end of 2022.

The AEMO estimate excludes the controversial LNG import terminal proposed by AGL Energy, which is awaiting approval from the Victorian government. The decision will be made soon. If approved, AGL hopes to start importing by mid-2023.

AEMO highlighted the increasing uncertainty in its demand forecast as producers switch from carbon-based fuels to renewable energy and hydrogen.

AEMO predicts industrial demand for gas will not grow in the next 20 years.

“Surveyed industrial users indicated their demand was unlikely to increase, even if prices fell,” said the report.

Reporting by Sonali Paul; Edited by Simon Cameron-Moore

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Broker XP is eyeing the creation of an electricity trading unit in Brazil this year | Instant News


SAO PAULO, March 24 (Reuters) – Brazilian financial services platform XP Inc will launch an electricity trading unit later this year, aiming to transform itself into a leading name in the domestic unregulated electricity market over the next few years, an executive told Reuters . Wednesday.

XP’s trading power will take advantage of the company’s broad portfolio of corporate clients while seeking to invest in technology as a way to have an edge over competitors, said unit head Cristian Nogueira.

The unregulated power market, which allows companies that consume electricity to negotiate contracts and prices with suppliers, has been booming in Brazil due to rising tariffs from power companies.

Banks such as BTG Pactual, Itaú Unibanco, Santander Brasil and Macquarie Australia have created electricity trading units in Latin America’s largest country. Energy companies, including the local branches of European utilities Enel, Engie, EDP and Iberdrola, are also on the market.

“XP is used to improve people’s lives by offering innovative products and education. With energy you can do the same. We will do it in the first place using our extensive customer network, ”said Nogueira.

“We usually offer our customers several hedging options: hedging for exchange rates, interest rates, inflation. Electricity will become another product. “

The executive said that XP could trade annual energy contracts for 3 billion reais ($ 530 million) in the next two or three years.

“We have goals, dreams that are big and ambitious. That in three years, anyone who thinks about the electricity trade in Brazil will have XP as a reference, “added Nogueira. ($ 1 = 5,6211 reais) (Reporting by Luciano Costa; Editing by Cynthia Osterman)

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