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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Published: September 14, 2022 Report Code: GDPE2293ICR-ST

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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

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
CAGR (2021-2035) >5%
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 (%)

Australia Power Market Analysis by Sectors, 2021 (%)

For more information on the Australia power market sectors, download a free report sample

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 (%)

Australia Power Market Analysis, by Deal Types, 2021 (%)

For more information on Australia power market financial deals, download a free report sample

Competitive Landscape

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 (%)

Australia Power Market Analysis, by Companies, 2021 (%)

For more information on leading companies in the Australia power market, download a free report sample

Latest Developments

  • In May 2022, a new government was formed, and the country’s new Prime Minister stated that Australia will soon become a ‘renewables superpower’ and cater to the needs of South Asian countries. The labor party has pledged in its manifesto to cut the country’s GHG emissions by more than 42% by 2030.
  • The new governmet has also promised renewable friendly policies including a more than $13 billion investment in the country’s transmission network.

Scope

  • 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

AGL Energy Ltd.
Origin Energy Ltd.
Snowy Hydro Ltd.
EnergyAustralia Pty Ltd (CLP Holding)
Stanwell Corp Ltd.
Hydro Tasmania

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. Introduction

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

3.4 Opportunities

3.5 Challenges

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

Microgrids

5.3 State Level Policies and Incentives-South Australia

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

Feed-in Tariffs

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

Feed-in Tariffs

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

Feed-in Tariffs

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

Feed-in Tariffs

Queensland Renewable Energy Auctions

Queensland interest-free solar loans

Solar 150 initiative

CleanCo

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

Climate Policy

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

Company Overview

Business Description

SWOT Overview

8.2 Origin Energy Ltd

Company Overview

Business Description

SWOT Overview

8.3 Snowy Hydro Ltd

Company Overview

Business Description

SWOT Overview

8.4 EnergyAustralia Pty Ltd

Company Overview

Business Description

SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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Table

Table 1: Power Market, Australia, Macroeconomic Factors, 2010–2030

Table 2: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015–2030

Table 3: Time-Varying Minimum FiTs, 2022

Table 4: Renewable Energy Reverse Auction Winners, ACT, Australia

Table 5: Capacity and number of generators by tariff in 2021

Table 6: Power Market, Australia, Cumulative Capacity and Annual Generation, 2010–2035

Table 7: Power Market, Australia, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 8: Thermal Power Market, Australia, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Thermal Power Market, Australia, Major Plants, 2021

Table 10: Hydropower Market, Australia, Cumulative Capacity and Annual Generation, 2010–2035

Table 11: Hydropower Market, Australia, Major Plants, 2021

Table 12: Renewable Power Market, Australia, Cumulative Capacity (GW), 2010–2035

Table 13: Renewable Power Market, Australia, Annual Generation (TWh), 2010–2035

Table 14: Renewable Power Market, Australia, Major Plants, 2021

Table 15: Power Market, Australia, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 16: Power Market, Australia, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 17: Power Market, Australia, Upcoming Interconnection Projects

Table 18: Abbreviations

Figures

Figure 1: Annual Power Generation, Australia, Total Power Generation vs. Renewable Generation, 2010–2035

Figure 2: Renewable Power Market, Australia, Cumulative Capacity, 2010–2035

Figure 3: Power Market, Australia, Country Summary

Figure 4: Power Market, Australia, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Australia, Market Structure

Figure 6: Power Market, Australia, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, Australia, Deal Value and Number of Deals, 2010–2021

Figure 8: Power Market, Australia, Deals by Type (%), 2021

Figure 9: Power Market, Australia, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Australia, Power Consumption by Sector (%), 2021

Figure 11: Power Market, Australia, Cumulative Capacity Share by Technology (%), 2021

Figure 12: Power Market, Australia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Australia, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Australia, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Australia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Australia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Renewable Power Market, Australia, Cumulative Capacity, 2010–2035

Figure 18: Renewable Power Market, Australia, Annual Generation, 2010–2035

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