Gas-powered generation gas consumption
AEMO’s inaugural National
Gas Forecasting Report shows a 16.8% average annual reduction in gas-powered
generation gas consumption, driven by rising gas prices and flat growth in
electricity usage over the short term.
Gas-powered generation
refers to generation plant that uses gas as a fuel for turbines, boilers or
engines to produce electricity, and is connected to the National Electricity
Market.
The 2014 NGFR uses updated
GPG forecasts that better align generator bidding behaviour with observed
market behaviour.
Between 2014 and 2019, the
decline in gas-powered generation gas consumption can be seen in all eastern
and south-eastern gas market regions, with reductions of more than 22% in
Queensland, Victoria and Tasmania, and more than 11% in South Australia. A
decrease of more than 6% is forecast in New South Wales and the Australian
Capital Territory.
Look out for more key
forecast outcomes from the consumption components covered in the NGFR as we
post more details, and as always, welcome your feedback.
The infographic below sets out in more detail the gas-powered generation consumption trends.
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ReplyDeleteYes AEMO’s provide a best report. I think it is accurate for business Gas consumption. Thanks for sharing.
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