Squadron Energy obtained state planning approval for the 420 MW Moreton Hill Wind Farm in Victoria. The Victorian Minister for Planning approved the proposed renewable energy facility. The project is described as the largest proposed wind farm in Australia.
Transgrid commissioned three network elements for the Project EnergyConnect Stage 2 capacity release. The transmission company commissioned the 6C, 6G and 6H network elements. The milestone facilitates the progressive expansion of transfer limits between South Australia and New South Wales. AEMO published market notice MN146032 on 4 November 2026 to confirm the commissioning. WattClarity reported that westward flows on the second stage of the interconnector ramped up below the prior export limit of 150 MW during the first stage of testing.
AEMO directed Transgrid to disconnect inverters at the Finley Solar Farm. The brief period of market intervention occurred on the morning of 4 November 2026. WattClarity reported the disconnection and stated it is reviewing market data to understand the event. The market operator also issued twelve notices between 14:25 and 17:00 on 4 November 2026. The notices advised market participants that prices for specific trading intervals were subject to review.
South Australia recorded 22.8 hours of negative prices, representing 95.1 per cent of the trading day. The NEM average of $54.30/MWh ranked fifth for the week and sat below the seven day average of $71.60/MWh. The highest price reached $350/MWh in Tasmania at 11:35, while the lowest fell to negative $992/MWh in the same region at 17:35. New South Wales recorded the demand peak of 8,850 MW at 17:40. Renewables supplied 51.3 per cent of energy across the day, with an instantaneous peak of 78.0 per cent at 11:45.
The State Electricity Commission secured a 10 year offtake agreement for a 102 MW battery. The four hour battery energy storage system will be located at the Glenrowan Solar Farm in northeast Victoria. The agreement will increase the energy storage portfolio of the state owned energy company.
AGL submitted plans to develop a 2 GWh battery energy storage system in central Queensland. The proposed project has joined the queue for assessment under the Environment Protection and Biodiversity Conservation Act. Clutch Industries received $6.77 million in funding from the Australian Renewable Energy Agency. The funding supports a $19.35 million project to establish a scalable manufacturing line in Melbourne. The facility will transition the company's locally developed portable home battery system toward domestic production and commercialisation.
SA Power Networks installed community resilience batteries in the regional towns of Kimba and Hawker. The installations will provide backup support in the event of major power outages. Western Power commenced a $6 million rollout of early fault detection devices. The network operator will install about 100 devices on power poles to improve network safety and reliability.
Snowy Hydro executives accepted cash bonuses in addition to their salaries. The payments occurred while the cost of the Snowy 2.0 pumped hydro project increased. The Commonwealth Scientific and Industrial Research Organisation received an international smart grid award. The award recognised the development of technology that enables electricity networks to integrate increased capacities of residential rooftop solar into existing infrastructure.
A Net Zero Australia study estimated that electrifying transport and heavy industry will achieve negative average abatement costs by 2050. The study stated the transition will save 600 million tonnes of carbon dioxide equivalent and enhance energy security by reducing liquid fuel imports. The study projected the total system cost to reach $400 billion by 2050, exceeding the $350 billion projected under current policy settings. Fluence analyst Matt Grover addressed five misconceptions regarding algorithmic bidding and artificial intelligence performance in the NEM. The analysis, originally presented at the All Energy conference, refuted claims that automated battery systems frequently miss price spikes or undermine market competition. The presentation sought to clarify how software driven dispatch interacts with volatile spot prices. Hachiko analyst Rakhesh Martyn stated that forecast accuracy and one off value capture figures can mislead lenders and investors comparing battery optimisers.
Brent Crude decreased 8.6 per cent to US$94.66 a barrel. Gold increased 3.3 per cent to US$4,072.00 an ounce. Natural Gas increased 2.3 per cent to US$2.96 per million British thermal units. TTF Gas decreased 7.2 per cent to EUR85.03/MWh.
AER published its determination on the Transgrid contingent project. The regulator also published revised 2028 to 2033 reference service proposals from AusNet Gas Services, Australian Gas Networks and Multinet. The regulator accepted an application from Tuggeranong Town Centre for an individual retail exemption on 23 October 2026. Endeavour Energy reported that crews worked overnight to make safe storm damage and restore power to 13,000 customers following severe thunderstorms across Greater Western Sydney and the South Coast. Transgrid reported the rediscovery of a critically endangered native plant at its Sydney East Substation in Belrose. AusNet announced a $613,000 investment to strengthen community resilience in Strathbogie.