Blog | 30th Apr, 2018

Victoria's Renewable Energy Target: What is a reverse auction and how does it work?

A reverse auction system helps smooth the high and low prices in the wholesale energy market for new projects – providing certainty and making it easier for renewable projects to access financing from banks.

During the Hazelwood mine fire in early 2014, the parts of the mine that didn't burn were those areas that had been rehabilitated.This led to a two-year campaign, and a stunning announcement from the Victorian Premier in April 2016.

19th May, 2016