Free seminar: Do Victoria’s households leave less money on the table when they switch electricity retailers?
Governments, regulators and customer groups in Australia have urged customers to switch retailers to get better deals. Customers have responded and switching rates are high. This research examines 50,000 Victorian household electricity bills to compare outcomes for ‘switchers’ and ‘remainers’. It finds, contrary to common wisdom, that switching electricity retailer does not greatly reduce the amount of money that most households leave on the table. The seminar will explain our analysis and consider possible explanations for the findings. Participants will be encouraged to contribute their thoughts at this forum.
Presenters: A/Prof Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University and Stephanie Rizio, Research Officer, Victoria Energy Policy Centre, Victoria University
Monday 23 September 2019
Victoria University, CBD Campus, Level 9, 300 Flinders Street, Melbourne 3000
The AIE Melbourne in partnership with the Victoria Energy Policy Centre is excited to bring together Demand Response Service Providers (DRSP), customers, energy users and key market bodies for an open discussion on the recent Wholesale demand response mechanism draft determination recently released by the Australian Energy Market Commission.
Chair: Stephanie Bashir, CEO and Founder, Nexa Advisory
Suzanne Falvi, Executive General Manager, Security and Reliability, AEMC
Violette Mouchaileh, Executive General Manager, Emerging Markets and Services, AEMO
Associate Professor Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University
Kedem Levy, Energy Flexibility Advisor, Enel X
Craig Memery, Policy Team Leader, Energy & Water Consumers’ Advocacy Program, PIAC
Luke Menzel, CEO, Energy Efficiency Council
Monday 26 August 2019. Victoria University, CBD Campus, Level 11, 300 Flinders Street, Melbourne 3000
Free Forum - Energy in Victoria: You Can Go Your Own Way
Given the election result, what does that mean for Victoria’s energy policy? How do we keep going and accelerate our transition to clean energy? Dr Bruce Mountain, Director of the Victoria Energy Policy Centre, will be bringing us a fresh take on new directions for Victoria.
Wednesday 26 June 2019, 7pm–10pm. Marwal Centre, 9-11 Marwal Avenue, Balwyn North, VIC 3104
Free seminar: Why did wholesale market prices go up so much after Hazelwood Power Station closed?
Econometric analysis finds that Hazelwood Power Station’s closure in April 2017 delivered an unexpected price shock in wholesale markets. Our research finds that the exercise of market power explains it. This has had a major impact on producers’ profits and consumers’ prices. The research raises obvious concerns about supply-side market concentration and also about the design, operation and oversight of the wholesale market. These merit serious consideration not least in the context of future coal generation closure.
Dr Bruce Mountain, VEPC Director and Dr Steven Percy, VEPC Research Fellow
Wednesday 27 March 2019, 10am–12pm AEDT
Does renewable electricity generation reduce electricity prices? Please join us for the presentation of the research, and engage in the discussion on the profound policy implications of the report’s findings.
The cheapest megawatt-hour of electricity in Australia now comes from the sun or wind. But does renewable generation reduce electricity prices, and if so, why is renewable generation still subsidised?
Our research looks abroad to compare household electricity prices and the contribution of the rise of renewables to those prices. It also studies South Australia over the last five years during which time generation from the wind and sun grew strongly, spot gas prices almost doubled, and the last South Australian coal power station closed. Please join us for the presentation of the research, and engage in the discussion on the profound policy implications of the report’s findings.
Dr Bruce Mountain, VEPC Director, will introduce the study and return to draw out the policy implications of the research.
Dr Hugh Saddler, Adjunct Associate Professor, Crawford School (ANU), and Farhad Billimoria, Australian Energy Market Operator, will summarise the relevant literature.
Dr Asli Kars, VEPC Research Fellow, will present the results of her international electricity price comparisons.
Dr Steven Percy, VEPC Research Fellow, will present the findings of his econometric analysis of the South Australian spot electricity market, quantifying the impact of the closure of the Northern Power Station, the large increase in gas prices, and the increase in wind and solar production.
Thursday 6 December 2018, 10.30am–12.00pm AEDT