AGP Executive Report
Last update: a few seconds agoElectricity relief for households: NSW’s Solar Sharer Offer lets eligible homes use up to 24kWh for free each day from 11am–2pm (smart meter required), aiming to shift demand to midday solar and ease grid pressure. Grid-scale storage momentum: South Australia’s battery fleet continues to monetise in the NEM, with revenue capture reported at 32%, while AGL is set to deliver a 10.2MWh battery storage microgrid for a major almond orchard. Renewables pipeline and approvals: Australia’s utility-scale solar output rose 11% year-on-year in June, and the state fast-tracks battery storage approvals totalling 1.64GW. Gas and LNG policy pressure: Woodside has taken operatorship of Aussie gas assets from ExxonMobil, while renewed calls for a gas export tax are sparked by forecasts of high LNG earnings. Weather risk: The UN’s WMO warns El Niño is set to strengthen into a strong event between July and September, raising the odds of heat, drought and floods—an immediate concern for power demand and reliability.
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