The energy industry in Australia is changing….
In Western Australia, the future and timing of reforms anticipated by the Electricity Market Review is uncertain. However, changes to capacity pricing and the process to connect to the network are still likely.
Technology led change, such as batteries, peer-to-peer trading, intermittent generation and smart meters is delivering a fundamental change to the energy value chain.
The next tranche of re-contracting for gas supplies in WA will include access to new supplies such as Gorgon and Wheatstone and see the the joint gas marketing arrangement that have dominated the WA gas market drawing to an end.
In the Eastern States, the domestic gas markets are going through a similar experience to what happened in Western Australia from around 2005 to 2012 with domestic supply volumes decreasing and prices offered in the market rising sharply. This is due to a combination of gas being directed to the LNG export market (Gladstone) and the impact of restrictions on gas exploration, for example in relation to using techniques such as fracking.
The Council of Australian Governments (COAG) has agreed to an independent review of security and reliability in the National Electricity Market (NEM) and from this provide advice to Government (a Blueprint) on coordinated, national electricity market reform.
…..and market participants need to keep abreast of these changes.
As a founding partner with leading peer-to-peer provider Powerledger, Future Effect is well placed to provide training and advice in this area.
Our work with standalone power providers and many years of advising private and public entities on regulatory issues related to the impact of new technologies means Future Effect is well placed to provide clients with training and independent advice in relation to the impact of new technology and on business strategy.
Future Effect keeps up to date with all developments in the gas markets and can provide independently tailored training and advice to clients at short notice.
Upskill with Future Effect
Future Effect combines the strong capabilities and track records of our specialist staff to provide information and training based on leading knowledge. We cover the whole value chains, from upstream fuel availability and contracting, through generation, networks, retailing. Superimposed on this traditional supply chain we also cover the impact of new technology and how it is likely to change the traditional energy supply model.
We can provide historical content on the development of energy markets to date and informed foresight into how the energy market is changing, why it is changing and how companies can position themselves to succeed.
We can tailor an approach to suit individual company information or training needs. Presentations and training can be in the form of summaries and overview to bring individuals who are new to the WA energy market up-to-speed or alternatively we can provide deep dive insights into specialist areas such as regulatory strategy, fuel nominations, organisational efficiency and compliance requirements.
Visit our training page to identify your training needs and be prepared for the new energy landscape.