Renewables for industryProject Renewable Energy Hub Marketplace
This report helps promote the Hub and its digital platform as Australia’s first marketplace with a central source of data, tools and transactions for a renewable energy future.
The Renewable Energy Hub (REH) has been developed in collaboration with key market participants, and is designed to deliver true value and accelerate the uptake of renewables across the economy by creating new financial hedge products and a trading platform that allows for increased levels of intermittent wind and solar in the energy system.
The REH worked with market participants to develop specifications for a suite of innovative, standardised hedge contracts that are suited to both variable renewable energy generators and new sources of clean dispatchable capacity (e.g. battery storage, pumped hydro storage and demand response), as well as the changing needs of energy retailers and large customers.
This report helps promote the Hub and its digital platform as Australia’s first marketplace with a central source of data, tools and transactions for a renewable energy future. It combines critical market data with powerful transactional and analytical capabilities. The development of standardised contracting approaches and a digital market platform will enable it to disrupt the current energy market which is characterized by complex, bespoke structures and high costs to participants. The launch of the Hub now enables clients will the opportunity to source, evaluate and transact renewable energy through the marketplace platform.