Australia energy report

• The country is home to the Asian Renewable Energy Hub.
• The electricity sector has many local and private companies, whereas the oil and gas sectors are dominated by big international companies.
• Australia is a large exporter of coal, LNG, and uranium, but a net importer of oil.
• Coal dominates the power mix (53% in 2021), albeit with a decreasing share (-18 points since 2010), while the share of wind and solar is rising (19% in 2021).
• Motor fuel prices are around 30% lower than the OECD average.
• The share of coal in the energy mix has decreased by 10 points since 2010, while the share of natural gas increased by 7 points. Carbon free sources only account for 9%.
• Several LNG liquefaction projects are under way.
• Coal mining projects are facing opposition and cancellations.
• A total of 4.5 GW of renewables are currently under construction, with almost 210 GW planned.

• Institutions & Energy Policy

  Australia is a constitutional monarchy with a federal division of powers. The country is made up of six states and two territories: New South Wales (NSW), Queensland (QLD), Victoria (VIC), South Australia (SA), Tasmania (TAS) and Western Australia (WA), and the Australian Capital Territory (ACT) and the Northern Territory (NT). The first three account for around ¾ of the GDP.

• Energy Supply

  Resources:

  Australia possesses vast energy resources, including 73 Gt of proven economic coal reserves, and 77 Gt of lignite (end of 2021).

• Energy Prices

  Electricity:

  The electricity prices for households and industry decreased between 2016 and 2018 and then increased until 2021. They reached on average US$17c/kWh for industry and US$26c/kWh for households. These prices are significantly higher than the OECD average.

  Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)

• Energy Consumption

  Per capita energy consumption is around 25% higher than the average of OECD countries, amounting to 4.8 toe in 2021, while per capita electricity consumption was 9.1 MWh.

  Total energy consumption remained relatively stable between 2010 and 2019 and decreased in 2020 and 2021 (-1.5% and -2.5%) to 124 Mtoe.

• Issues & Prospects

  According to the March 2022 Resources and Energy Quarterly forecast from the Department of Industry, Science, Energy, and Resources, coal exports are expected to increase by 7% in FY2022-2023, while exports of LNG and crude oil could increase by 6% and 2%, respectively, over the same period.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Australia energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2021, %)
• GRAPH 10: Final consumption market share by sector (2021, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2021, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2021, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2021, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2021, %)

In the Australia energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Australia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.