Eutility's news

relating to the energy and telecommunications industries

AGL split on track after CEO exit: Peter Botten

AGL Energy’s new chairman Peter Botten says the board was “shocked” by Brett Redman’s decision to resign as chief executive but maintains that a planned demerger is on track while rejecting speculation the board might have grown resistant to a split of the company.

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Carbon levels hit high despite pandemic

Carbon dioxide levels in the northern hemisphere were on ­average 50 per cent higher than before the industrial revolution last month and are expected to set a new peak of 419.5 parts per million this year.

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AGL’s green makeover

AGL Energy will look to win support from investors to create two ASX-listed companies through a demerger after splitting its retail and supply arms to form a green electricity retailer and generation giant dominated by coal power.

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Switching off rooftop solar will become an important feature of a renewables grid

Australia’s biggest grid problems have traditionally been framed as problems of supply and demand, particularly where there is not enough supply to meet the demand at any one point in time. But that network challenge is about to be turned on its head: the biggest problem in the future will be not enough demand, because most consumers have their own supply in the form of rooftop solar.

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The end of the NEM as we know it

When the Victorian Government announced it was creating VicGrid, a new entity that will be responsible for the connection of renewable energy, it reinforced how impatient many states and territories have become and chosen to ‘go it alone’ when it came to clean energy.

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Origin to tap into ‘tipping point’ for EVs

Origin Energy will offer fleets of electric vehicles to corporate customers through a venture that aims to tap the looming “tipping point” away from internal combustion engine cars and give fresh impetus to its push into new energy fields.

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The risks of going ‘green’: late entry into a hot sector can turn any investor pale

One of the surprises of the reporting season was surely the speed at which corporate Australia is trying to turn “green”. In fact, the ¬efforts in the CEO suite may only be matched by the speed at which the market is creating “green” products to satisfy investor appetites. Even within the narrow confines of the global resources industry, the “green” factor becomes ever more urgent as the Biden administration moves to set its stamp on environmental planning — this week’s delay on a major US copper mine from BHP and Rio Tinto may be just the start.

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NSW power projects embroiled in political wrangle

Plans by AGL Energy and EnergyAustralia for new gas-fired power stations in NSW are hanging by a thread amid behind-the-door debate between the state and federal governments on potential support measures from which they are currently excluded.

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How Europe aims to book a seat on Australia’s hydrogen express

Europe’s bid to stake a claim rivalling that of Japan and Korea over Australia’s huge potential in green hydrogen – the energy source that could power the 21st century – is gathering steam, as state governments step up their overtures to potential European partners and customers.

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Snowy CEO blasts ‘flawed’ NSW energy plan

Snowy Hydro boss Paul Broad has slammed the NSW energy infrastructure plan as “fundamentally flawed”, saying it risks building in extra costs for consumers, but has backed the federal government in pushing for a large new gas-fired power plant in the Hunter Valley.

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What is the role of gas in a green economy?

The Tomago aluminium smelter outside Newcastle received a special visitor in September. Prime Minister Scott Morrison wanted to outline how he would use affordable and reliable energy to supercharge Australia’s post-COVID economic recovery. As the single biggest user of energy in the country, the Tomago smelter was an ideal backdrop.

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‘Super-spike’ to fire up LNG producers

The eye-watering surge in liquefied natural gas prices over the past few weeks is expected to fire up revenue for gas exporters but only a small part of that is expected to show in the December quarter reports.

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Vic power unit outages leave market unfazed

Sudden outages at two coal power plants in Victoria over the weekend did little to rattle the electricity market in the normally critical mid-summer period in a sign of how rapidly the state's power grid is transforming.

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Renewables ‘can bust congestion’

The federal government’s energy security adviser has suggested renewable energy generators be offered incentives to build projects in particular zones across Australia, in a bid to drive investor confidence and deliver long-term benefits to consumers.

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Runaway LNG price sends warning to gas buyers

An unprecedented surge in prices for LNG in Asia is ringing alarm bells among industrial energy users on the east coast amid forecasts that domestic gas prices could be driven back up into double figures, despite lacklustre demand.

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Power industry backs national approach to reforms

Electricity suppliers have thrown their weight behind a push by the country's top energy policy adviser for a national approach to spurring on-demand power generation amid worries of a splintering between states that could further delay new projects.

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