Australia Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
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Australia Power Market Report Overview
The Australia power market cumulative installed capacity was 88.4 GW in 2021. The market is expected to achieve a CAGR of more than 5% during 2021-2035.
Australia Power Market Analysis, 2022 – 2035
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The Australia power market research report discusses the power market structure of Australia and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.
|Cumulative Installed Capacity (2021)||88.4 GW|
|Key Sectors||Industrial, Commercial, Residential, Transport, and Others|
|Key Deal Types||Asset Transactions, Debt Offerings, Equity Offerings, Partnerships, Venture Financing, and Private Equity|
|Leading Companies||AGL Energy Ltd, Origin Energy Ltd, Snowy Hydro Ltd, EnergyAustralia Pty Ltd., Stanwell Corp Ltd., and Hydro Tasmania|
Australia Power Market Analysis
The primary regulating body in the country’s power market is Australian Energy Market Commission (AEMC). The National Electricity Market (NEM) operates as a wholesale market. It interconnects five regional market jurisdictions – Queensland, New South Wales (including the Australian Capital Territory), Victoria, South Australia, and Tasmania. Western Australia and the Northern Territory are not connected to the NEM. Electricity in Western Australia is supplied through the Wholesale Electricity Market (WEM).
The Australian power sector is faced with the challenge of phasing out its aging coal-based fleet and replacing it with renewable power generation assets. The government’s emphasis on renewable power generation has resulted in a manifold increase in renewable power generation. However, the phasing out of the old coal-based plants has not occurred at the pace originally outlined in the country’s energy policy, mainly due to policy uncertainty. This has led to surplus generation capacity, in turn leading to cascading effects of depressed wholesale electricity prices, and reduced investment inflow in the power sector, especially for renewables.
Australia Power Market Segmentation by Sectors
The key sectors in the Australian power market are industrial, commercial, residential, transport, and others. The industrial sector had the dominant share in power consumption, followed by residential and transport.
Australia Power Market Analysis by Sectors, 2021 (%)
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Australia Power Market Segmentation by Deal Types
The key deal types in the Australian power market are asset transactions, debt offerings, equity offerings, partnerships, venture financing, and private equity among others. Asset transactions accounted for nearly a quarter of the financial deals, followed by debt offerings and equity offerings.
Australia Power Market Analysis, by Deal Types, 2021 (%)
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The leading companies in the Australia power market are AGL Energy Ltd, Origin Energy Ltd, Snowy Hydro Ltd, EnergyAustralia Pty Ltd., Stanwell Corp Ltd., and Hydro Tasmania among others
AGL Energy Ltd: AGL is an integrated energy company that owns, operates and develops energy assets and provides natural gas, electricity, solar photovoltaic solutions and related products and services. The company’s power generation portfolio includes coal, gas, hydro, wind, solar, landfill and biomass-based power generation facilities.
Origin Energy Ltd: Origin Energy is an integrated energy company, which generates, supplies, and distributes electricity; explores and develops natural gas reserves; and produces and sells gas. The company generates electricity from natural-gas fired, coal-fired, wind, solar, pumped water storage, and cogeneration plants.
Snowy Hydro Ltd: Snowy Hydro is an integrated energy utility. It has presence in the entire energy cycle, including production, supply, trading, and retail of electricity in the National Electricity Market, and providing risk management financial hedge contracts to wholesale customers.
Australia Power Market Analysis, by Companies, 2021 (%)
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- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
Origin Energy Ltd.
Snowy Hydro Ltd.
EnergyAustralia Pty Ltd (CLP Holding)
Stanwell Corp Ltd.
Table of Contents
Table of Contents
1. Executive Summary
1.1 Australia aims to be renewables superpower
1.2 Solar PV to drive growth of renewables in Australia
2.1 Australia Power Market
2.2 GlobalData Report Guidance
3. Australia Power Market, Snapshot
3.1 Country Summary
3.2 Macroeconomic Factors
3.3 Supply Security
3.6 Impact of COVID-19
4. Australia Power Market, Market Analysis
4.1 Market Structure
4.2 Key Market Players
4.3 Financial Deals
Deal Value and Volume, 2010–2021
Deals by Type, 2021
4.4 Australia Power Market, Demand Structure
Power Consumption by Sector, 2021
5. Australia Power Market, Regulatory Scenario
5.1 Renewable Energy Market, Overview
5.2 Renewable Energy Policy Framework
Renewable Energy Target (RET) Scheme
Climate Change Target 2030
Long Term Emissions Reduction Plan
Offshore Clean Energy Infrastructure Regulatory Framework
Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives
Clean Energy Finance Corporation (CEFC)
Emissions Reduction Fund (ERF)
National Hydrogen Strategy
Australia-Germany Hydrogen Accord – Hygate program
Clean Hydrogen and Carbon Capture Fund
5.3 State Level Policies and Incentives-South Australia
South Australia Renewable Energy Auctions
Renewable Energy Program
The Sustainability Incentives Scheme
South Australia Energy and Emissions Reduction Agreement
National Hydrogen Strategy – South Australia
5.4 State Level Policies and Incentives-New South Wales (NSW)
Electricity Infrastructure Roadmap.
Assessing large-scale solar projects in NSW
Funds for Renewable Energy in Regional Communities
Solar Homes Policy
Solar for Low Income Household
Empowering Homes: Solar Battery Loan Program
NSW Energy and Emissions Reduction Agreement
National Hydrogen Strategy – New South Wales
5.5 State Level Policies and Incentives-Victoria
Renewable Energy Action Plan
Victoria’s Climate Change Strategy
Agriculture Energy Investment Plan (AEIP)
New Renewable Energy Target for Victoria (VRET)
The Victorian Renewable Energy Auction Scheme (VREAS)
Renewable Hydrogen Commercialization Pathways Fund
Victorian Big Battery (VBB)
National Hydrogen Strategy – Victoria
5.6 State Level Policies and Incentives-Tasmania
Renewable Energy Action Plan
Renewable Energy Target
Tasmania Energy and Emissions Reduction Agreement
National Hydrogen Strategy – Tasmania
5.7 State Level Policies and Incentives-Queensland
Queensland Renewable Energy Auctions
Queensland interest-free solar loans
Solar 150 initiative
National Hydrogen Strategy – Queensland
5.8 State Level Policies and Incentives-Australian Capital Territory
ACT Renewable Energy Auctions
Home Battery Storage Program
Rooftop Solar Scheme
Sustainable Household Scheme
National Hydrogen Strategy – Australian Capital Territory
5.9 State Level Policies and Incentives-Western Australia
Energy Transformation Strategy
Energy Buyback Scheme
National Hydrogen Strategy – Western Australia
5.10 State Level Policies and Incentives-Northern Territory
Roadmap to achieve Renewable Energy Target
Incentives for Renewable Energy
NT Solar Energy Transformation Program
National Hydrogen Strategy – Northern Territory
6. Australia Power Market, Capacity and Generation
6.1 Cumulative Capacity Share by Technology, 2021
6.2 Total Power Capacity and Generation, 2010–2035
6.3 Thermal Power Capacity and Generation, 2010–2035
6.4 Hydropower Capacity and Generation, 2010–2035
6.5 Renewable Power Capacity and Generation, 2010–2035
7. Australia Power Market, Transmission and Distribution Overview
7.1 Transmission Network
7.2 Distribution Network
7.3 Grid Interconnection
8. Australia Power Market, Major Generating Companies
8.1 AGL Energy Ltd
8.2 Origin Energy Ltd
8.3 Snowy Hydro Ltd
8.4 EnergyAustralia Pty Ltd
9.2 Market Definitions
Modelling and Forecasting
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Frequently asked questions
What was the Australia power market cumulative installed capacity in 2021?
The cumulative installed capacity in the Australia power market was 88.4 GW in 2021.
What is the Australia power market growth rate?
The power market in Australia is expected to achieve a CAGR of more than 5% during 2021-2035.
What are the key sectors in the Australia power market?
The key sectors in the Australia power market are the industrial sector, commercial sector, residential sector, and transport sector among others.
What are the key deal types in the Australia power market?
The key deal types in the Australia power market are asset transactions, debt offerings, equity offerings, partnerships, venture financing, and private equity.
Which are the leading companies in the Australia power market?
Some of the leading companies in the Australia power market are AGL Energy Ltd, Origin Energy Ltd, Snowy Hydro Ltd, EnergyAustralia Pty Ltd., Stanwell Corp Ltd., and Hydro Tasmania.
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