Friday, 31 January 2020 13:40

New energy contract digital marketplace launched Featured


New energy contracts designed to assist clean energy technologies and energy market participants navigate the rapid market transition underway will be the centrepiece of a new digital marketplace, after the project won backing from the Federal Government, through the Australian Renewable Energy Agency (ARENA).

Renewable Energy Hub, part of Tradition, Asia Pacific’s “most experienced wholesale energy and environmental markets team”, will receive funding from ARENA to establish the innovative firming market platform - where for the first time clean energy projects, large energy users and wholesale energy market participants, will have access to innovative technology specific contracts.

ARENA says the online market platform supporting these new solutions will provide data and tools to facilitate price discovery, support the evaluation of PPAs and contracting options, and recognise the unique requirements of contracting and procuring variable renewable energy.

According to ARENA,the market for financial products that manage the risk in the Australian energy system is estimated to be worth $26 billion, almost $10 billion more than the actual energy market itself.

“Products such as swaps, caps and options are key tools in helping energy buyers and sellers manage their risk and provide a stable price to customers. Yet this market has not evolved to embrace the new requirements of clean generation and emerging technologies in Australia,” ARENA notes.

Renewable Energy Hub’s Head of Markets Chris Halliwell said the traditional market used by generators and retailers to hedge against huge fluctuations in wholesale electricity prices effectively shuts out new technologies because it presumes an ability to provide continuous, flat generation.

“This new marketplace will facilitate trade in contracts that reflect the ‘profile’ of renewable generation, filling a gap in risk solutions and creating price efficiency to unlock more clean energy technology,” said Halliwell.

“Importantly, this new marketplace will ‘firm up’ Australia’s rapidly-growing fleet of renewables by enabling generators, retailers and large energy users managing their PPAs to trade fixed volumes of clean energy out into the future.”

Halliwell said the growth in these new kinds of financial products will provide new incentives for market players to seek out assets – such as batteries and other ‘balancing’ resources that can firm up the intermittency of renewables.

“This effectively turns a financial firming solution into a physical firming solution, hastening the arrival of those storage and other balancing resources required to help the energy system make the required transition to 100 per cent renewables,” Halliwell concluded.


Recently iTWire remodelled and relaunched how we approach "Sponsored Content" and this is now referred to as "Promotional News and Content”.

This repositioning of our promotional stories has come about due to customer focus groups and their feedback from PR firms, bloggers and advertising firms.

Your Promotional story will be prominently displayed on the Home Page.

We will also provide you with a second post that will be displayed on every page on the right hand side for at least 6 weeks and also it will appear for 4 weeks in the newsletter every day that goes to 75,000 readers twice daily.



Some of the most important records are paper-based documents that are slow to issue, easy to fake and expensive to verify.

Digital licenses and certificates, identity documents and private citizen immunity passports can help you deliver security and mobility for citizens’ information.

Join our webinar: Thursday 4th June 12 midday East Australian time


Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).



Recent Comments