Energy Magazine

Despite underlying electricity demand in the NEM reaching a new June quarter high of 24,220MW, wholesale electricity prices continued to fall. Average NEM wholesale electricity prices dropped 47 per cent year-on-year to $74/MWh in the June quarter – the lowest June quarter figure since 2020. Victoria recorded the biggest decline, with prices falling 60 per cent to $56/MWh, while South Australia was the only state to experience material price volatility, prompted by a wind drought in June. Seventeen date-centre projects (9GW of capacity) were progressing through the transmission connection process at the end of June, with over 50 per cent of these coming from NSW. #AEMO #NEM #electricityprices #wholesaleprices

The Energy Magazine Podcast is here! Throughout this series, we will bring you conversations that iron out the kinks in the energy transition and take you inside some of the most influential companies and projects driving decarbonisation in Australia. The inaugural episode features a conversation with Marinus Link chief financial and commercial officer Prajit Parameswar, who discusses the commercial complexities of getting this multi-billion-dollar project off the ground. The full episode is now available on YouTube, Spotify and iHeart Radio. YouTube: https://lnkd.in/grB3MQMB Spotify: https://lnkd.in/gxSB-k7Y iHeart Radio: https://lnkd.in/gp_VefmF #energypodcast #EnergyMagazinePodcast #MarinusLink #transmission

"Tasmania had 500MW or more that could have been unlocked if there was Marinus Link." 🔓💡 As heatwaves become more common, the National Electricity Market faces a higher risk of blackouts. During these times, the grid requires diverse and stable supply – something which Marinus Link can support. Marinus Link chief financial and commercial officer Prajit Parameswar discusses this and a lot more in the inaugural episode of the Energy Magazine Podcast. The podcast goes live tomorrow! Listen to it on YouTube, Spotify and wherever else you get your pods. #energypodcast #interconnector #MarinusLink

Developed in partnership with Utility Magazine, the inaugural Utility Awards will make its debut in 2026 to recognise outstanding achievements in electricity, gas, water, renewables and network infrastructure. Taking as little as 10 minutes to complete, nominations close on August 7, and everyone has a good chance to win. #UtilityAwards #utilities #electricity #renewables

"I know that people go and buy egg and bacon rolls and I know that demand has increased tenfold." Marinus Link hasn't been built yet, but the benefits of the project are already far reaching, with local Gippsland communities already seeing economic benefits from the planned interconnector. Marinus Link chief financial and commercial officer Prajit Parameswar discusses this and a lot more in the inaugural episode of the Energy Magazine Podcast. Stay tuned for the episode drop on Tuesday! #energypodcast #interconnector #MarinusLink

As the United States and Iran remain in a standoff over the Strait of Hormuz, months of severe disruption – on top of years of supply impacts from the Ukrainian war – have exposed the vulnerability of traditional energy routes. Accordingly, many countries are reassessing their long-term energy strategies with an eye to building more robust domestic liquid fuels sources and supply chains. This includes prioritising alternative fuels. But, according to CSIRO research director – energy technologies Dr Daniel Roberts, supporting and enabling an alternative fuel transition requires a shift in mindset. Learn more: https://lnkd.in/gj7uJQWF #ammonia #alternativefuels #biofuels

South Australia recently experienced one of its worst wind droughts in years, with onshore wind farms largely sitting idle for a four-day period, creating a testing period for the local electricity system. As we progressively phase out coal-fired power generation, we will need to call on a diverse energy mix to keep the grid stable. But when the sun isn't shining and onshore winds aren't blowing, where do we turn to for supplies? This is where offshore wind can step in. We sat down with Southerly Ten chief executive officer Charles Rattray to learn more about what its Star of the South project can bring to the National Electricity Market. Learn more: https://lnkd.in/gkUsKDMJ #winddrought #onshorewind #offshorewind

Frontier Energy, Inc. has achieved multiple milestones en route to developing Stage 1 of its Waroona renewable energy project in Western Australia. Up to $280 million of debt financing has been locked away, with Waroona now fully funded through construction and commissioning. Frontier has also appointed Monford Group as the EPC contractor for the project's solar–battery hybrid facility. Jamie Cullen #renewables #solar #batterystorage

We are launching a podcast! Featuring guests from across Australian and international markets, the Energy Magazine Podcast will tackle the key challenges facing Australia’s energy transition, from the renewable energy technologies that underpin it, the networks that enable it, to the regulations that govern it. For our inaugural episode, we spoke with Marinus Link chief financial and commercial officer Prajit Parameswar about the commercial intricacies involved with getting this 345km interconnector off the ground. After more than a decade at Hydro Tasmania, Praj joined Marinus Link in 2023, and has since led negotiations on several contracts worth more than $1 billion in value. The episode will be launched on Tuesday July 28. Listen to it wherever you get your pods. #energypodcast #energytransition #interconnector #transmission

After being awarded a three-year master construction agreement for EIC works from Rio Tinto in March, GenusPlus Group has been tasked with constructing the major miner's 220kV Millstream substation expansion, which will commence immediately. It follows Genus' acquisition of MPK Kinetic in early July, signalling its entrance into the gas sector. #substation #electricityproject #RioTinto