Coal companies have been using different metrics to predict how much coal is needed to meet their target, an analysis of government data by The Australian Financial Review has found.
The Australian Energy Market Operator (AEMO) said its use of coal industry data was consistent with its business objectives.
But the AEMO’s chief economist, Tim Soutphommasane, said there was little doubt the data provided by the industry was being used incorrectly.
Mr Soutphy, the director of energy policy at the Centre for Economics and Business Research, said the AECO’s use of the coal industry’s data was “unfairly biased”.
“The Australian Energy Supply Market Operator is not an unbiased arbiter of the market,” Mr Soutsphommesane said.
The AEMA said its goal was to deliver the lowest cost of electricity and that it would continue to use the data in an objective way. “
I think it’s time for the AEP to get back to the market and let market forces set the price and determine what’s the true cost of coal.”
The AEMA said its goal was to deliver the lowest cost of electricity and that it would continue to use the data in an objective way.
“The AEMOA is an independent, self-regulatory authority and not a regulator of the energy market,” the AEGO said in a statement.
Mr SOUTPHOMESANE said the use of different metrics was “misleading”. “
Data is an essential tool to help make the decision to invest in our industry and to deliver reliable, affordable electricity to our citizens.”
Mr SOUTPHOMESANE said the use of different metrics was “misleading”.
He said the methodology used by the AEO was inconsistent with its objective to reduce emissions.
“If you look at the methodology of AEMCO, it’s fairly standardised.
It’s not very rigorous and it does not try to be,” he said.
Mr Davenport said the coal mining industry would not tolerate the ASE’s misleading use of data.
“As a company we’ve always tried to be transparent about our data, and the AETO’s data has been very consistent with what we’ve said publicly,” he told ABC Radio National.
The Australian Conservation Foundation said the findings showed that the AAEO’s metrics were “completely inaccurate”. “
But at the same time, we’ve got to keep doing the work that we’re doing, and we’ve already put in place a lot of measures to make sure that that happens.”
The Australian Conservation Foundation said the findings showed that the AAEO’s metrics were “completely inaccurate”.
“This is really concerning and shows the real impact of the use and abuse of coal’s power sector data by AEMOs and AECOs,” the conservation group said.
AEMS data and coal prices AEMs use of emissions data and CO 2 emissions from power plants was based on a number of assumptions, including coal production, the amount of CO 2 emitted by the coal fired power plant and the average annual emissions from the electricity sector, the AEE said.
The AEC said its emissions data was based solely on coal-fired generation and coal-burning power plants.
It also said its coal-free generation statistics included coal fired generation in thermal coal mines and coal fired electricity generation in natural gas-fired power stations.
“These assumptions are designed to provide the best available information, which means they have the greatest reliability, but also ensure that AEMAs and AEGOs have the best information available on coal’s environmental impact,” the statement said.
However, an audit released by the Australian Energy Regulator last month found the AER did not always accurately report its coal use.
The audit said the Australian Resources Council’s “coal industry analysis” used a coal-based model to estimate CO 2 from the Aereas’ coal-only and coal burning electricity generation.
“This model is an unreliable and not comparable with the actual CO 2 data collected by AER and is likely to overestimate the total amount of coal emissions from electricity generation,” the audit said.
It noted that AER was using the model to calculate the amount the coal sector was contributing to climate change.
“AER is not the only source of coal data used by AECs,” the report said.
There were also concerns that the data was not reliable because it was based only on emissions from thermal coal mined and burned.
AEC spokesman Paul Brown said the agency would take the audit’s findings seriously.
“In a number to AEC’s coal emissions dataset, it appears to be based on coal mined by coal fired units in thermal units rather than coal fired by natural gas fired units, which is inconsistent with the AEA’s stated objective to achieve zero CO 2 in electricity generation from thermal units by 2020,” Mr Brown said.