Powering business newsletter

Quarter 3

September 2019

We'll share insights and highlight key market events to help you make better energy decisions.

Market snapshot


QTR%20Elec%20prices%20SEP19

Electricity market

Prices have remained elevated across all NEM regions except QLD. Relatively strong wind generation toward end of July did see spot averages come off from June, however unplanned outages across the baseload fleet and an unplanned outage on the BassLink interconnector drove spot price up through August.

QLD spot prices trended counter to the NEM into August as low loads, high renewable generation and transmission limits on exports south into NSW resulted in low pool settlements.  

Michael Capel, Portfolio Manager, Trading and Operations 

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Gas market

On 9 August, a record 1,307TJ total demand day was reported in Victoria. The very dry winter conditions affected hydro electricity generation, and on low wind or solar days, Gas-powered Generation (GPG) was required to fill the gap in supply. Lower wind and solar generation over the quarter also required GPG, contributing to higher demand levels.

Even through the largest demand day was recorded, winter daytime temperatures were generally warmer with clear skies and cold mornings. There were no significant production issues or shortfall events in any market and as a result pool prices remained relatively flat.


Iona Gas Facilities, Victoria

Year Peak Day Total Demand
2015 14/7/2015 1,168 TJ/Day
2016 24/6/2016 1,175 TJ/Day
2017 03/08/2017 1,268 TJ/Day
2018 28/06/2018 1,122 TJ/Day
2019 (To date) 09/08/2019 1,307 TJ/Day

There’s an extra 1.1PJ in Iona Underground Storage compared to the end of August last year, but this is 2PJ lower than 2017, still plenty in reserve.

Louise Colbran, Portfolio Trader, Trading and Operations


smartmeter tall

Need to get electricity to a new site?

Setting up a commercial or industrial business site can be complicated, so below are some tips to help you get through the process quicker so we can get your business up and running.

Timing is really important

To make sure we can set up your electricity when you need, it helps to plan-ahead.

The requirements for a site that’s already had electricity flowing is very different to setting up a new site where there’s been no previous electricity connection.

Checklist for setting up an existing site with existing electricity connections:

  • Call us at least 4 weeks before the date you need your electricity connected
  • Make sure there is clear access to the meter for the network company
  • Let us know if you have a specific day or time you would like the site energised
  • We will arrange for the network company to attend your site and turn the power on if everything is deemed safe

It’s important to note that if the site has not been connected for 4 months or longer, you may need to arrange a safety inspection. There may also be documents for you to complete, but we can guide you as to any applicable state requirements. Just remember that this may mean longer processing times, so make sure you get in touch early.

Checklist for setting up a new site without any prior electricity:

  • Call us at least 8 weeks before the date you need your electricity connected 
  • Let us know if you have an electricity meter provider or would like us to arrange one for the site
  • The meter provider will set up a time with you to install the required meters

Considerations for your meter provider

It might also help your Accredited Service Provider to consider the following points before a meter can be installed:

  1. What is the expected daily usage or consumption profile for the site?
  2. How does this compare with the annual safety threshold for the meter in the relevant state? The thresholds for each state are detailed.
  3. What amps are required to meet the maximum possible demand of the site?
  4. Is a Current Transformer (CT) required to manage the load on the meter?
  5. Is the meter board in good condition?
  6. Does the meter board have space for a new meter?

For more help on getting electricity to a new site, call us on 13 23 34 or email businesscustomers@originenergy.com.au.

Annual safety thresholds per state

Thresholds

BASIC

MRIM

NSW

100

160

QLD

100

 0

VIC

160

160

SA

160

160

ACT

160

160

Source: aemc.gov.au


natural gas stove top tall

Gas harmonisation day

Your gas consumption is recorded from a specific start time. Currently, these start times differ across the different states.

As part of a range of Gas Market reforms, the AEMC published a rule determination to align or harmonise the gas day start times in Queensland, NSW, Victoria and South Australia. Under the rule, the gas day will commence at 6 am Australian Eastern Standard Time (AEST).

The changes to align the start times across all states will come into effect at 6 am AEST on 1 October 2019.


What happens 1 October 2019?

This table outlines the existing Gas Day times in each state and the changes that will be introduced.

On 30 September 2019, your consumption recorded will be for a shorter period as outlined in the table above.

From 1 October 2019 your consumption will be recorded for a period of 24 consecutive hours beginning at 6 am AEST on each day.

There will be no changes to your contracted rates or volumes.

State

Up to 29 September 2019

AEST

30 September 2019

(AEST short day)

From 1 October 2019

AEST

QLD

8 am – 8 am

8 am – 6 am 22hrs

6 am – 6 am

 

NSW

6.30 am – 6.30 am

6 am – 6.30 am 23.5hrs

ACT

6.30 am – 6.30 am

6.30 am – 6.30 am 23.5hrs

SA

6 am – 6 am

6 am – 6 am 23.5hrs

VIC

6 am – 6 am

6 am – 6 am 24hrs

We’re improving our online services.

My Business Account will give you the reports and information to make better energy decisions and we’ll be in touch in the coming months with your new login details.

In the meantime, if you need any reports, email BusinessCustomers@originenergy.com.au.