Water and Energy markets what are the connections?

Angus Macleod (Presented at Energy Users Association of Australia Conference, 18 April 2007)

In the last few years the east coast experienced a 1 in 100 year drought. On top of that came the perfect storm or more precisely the absence of one. The NSW/VIC alps have experienced worst snow fall in decades. QLD 2006/2007 summer rainfall had a 98% probability of exceeding actual results.

Nobody could really have foreseen the severity of the last 12 months.

  • Not state governments or federal governments
  • Not industry
  • The Bureau and other private forecasters did not (40 60% change of above average rainfall)
  • THE MARKET CERTAINLY DID NOT!

This seminar explores the connection between water supply, electricity prices and risk management. It is intended to give energy users an insight into the issues and risks which are becoming apparent.

Contact the author for further details.