Electricity prices in the Philippines are the highest in South East Asia and utilities rely excessively on imported coal and diesel. This report attributes the country’s lack of ability to attract large investments in renewables to purchase agreements that protect fossil fuel interests in imported coal and diesel.
The report finds the that switching to renewables in island grids could save the public more than US$ 200 million per year in diesel subsidies. Moreover, coal projects in 2019 have the potential of US$ 9.5 billion in stranded asset risk with a broader risk beyond 2019 equivalent to US$20.9 billion – the costs will be covered by households, industry, or investors, including local Philippine banks.
To encourage a transition to less costly and cleaner energy generation, the report recommends removing fossil fuel subsidies, introducing transparent, competitive auctions for a variety of renewables producers and investing in infrastructure, such as ancillary storage services and other grid supports.
Institute for Energy Economics and Financial Analysis (IEFFA) 2019
Australia's Chief Scientist Alan Finkel points out, in this interview, the need for Australia to develop better storage systems and reflects on the recent report from ACOLA. California Energy Commissioner Andrew McAllister, also warns Australia to pursue demand side...Read more
The systematic review process in research ensures that all applicable research is considered. These studies demonstrate a rapid review method which enables a quicker answer to some of government's immediate pressing questions.Read more
In response to feedback, high-income households can reduce their energy use to a larger degree than low-income households (17% vs 3% reduction). This and other insights were gained by two rapid reviews into research, both Australian and International, on digital services and...Read more
New Zealand’s electricity is secure and affordable. Renewable energy has flourished in a system that for more than 30 years has operated at arm’s length from elected governments – until now. This report outlines what New Zealand should do – and what it must avoid – to transition to a renewable energy future.
In this report the effects of PV integration into diesel driven micro-grids was investigated. The focus was set to the fuel saving potential due to the PV integration and the resulting economics for the system.
The report starts with a summary of the most relevant technical aspects that need to be considered for the integration of PV in a diesel driven micro-grid.
This inquiry heard that a lack of policy certainty is impacting on the operation of the NEM, as a lack of certainty has an impact on investment. The policy certainty required relates to a mechanism to achieve emissions reduction in the electricity sector. The electricity sector is capital intensive and a lack of policy certainty has undermined investment in the sector.