Eutility's news

relating to the energy and telecommunications industries

Geelong set to jump aboard for gas future: Viva

Viva Energy chairman Robert Hill has told shareholders the plan to redevelop the Geelong refinery site into a hub for lower-carbon energy supply – starting with natural gas – will help both secure the future of the site and protect profits against volatile refining margins that are outside its control.

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Renewables surge, brown coal dips in NEM shake-up

Renewable power has surged to provide a quarter of Australia's electricity needs over the past year, eating into the dominant market share of black coal power plants, data from the Open National Electricity Market project shows.

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High gas prices for long-term east coast contracts persist

Lower long-term oil and gas prices – predicted by global majors BP and Shell – should be good news for domestic gas pricing, but major gas suppliers and retailers are still failing to pass on cheaper rates, say big chemicals companies Incitec Pivot and Qenos.

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Nuclear in mix for miners on emissions

Small nuclear reactors, advanced battery technology and more gas-fired power generation must be part of the government’s blueprint to lower emissions, according to the nation’s largest miners and resources companies.

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$4 gas price ‘ignores realities’, says Exxon head

ExxonMobil's most senior representative in Australia has labelled the setting of a $4 a gigajoule price target by the COVID-19 commission's manufacturing taskforce as "dangerous", saying it ignores the realities of costs of production.

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AEMO pushes for minimum standards for solar, battery storage and EVs

The Australian Energy Market Operator (AEMO) has begun its push for new national minimum technical standards for distributed energy systems which would apply to all new installations of rooftop solar systems, household and business battery system, and electric vehicles delivering power to the grid.

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Energy reform agenda needs to be recharged

Australia's energy policymakers and regulators already had a huge job on their hands to draw up and implement reforms to deliver a cheaper, fairer and lower-emissions power sector for consumers. COVID-19 has turned that into an even bigger challenge.

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Call to fire up gas to drive recovery

Federal Energy Minister Angus Taylor has raised the pressure on state governments to unlock more gas to complement the growth of renewables, as new figures show wind, solar and hydro generation has increased by 54 per cent since 2015.

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‘Big stick’ electricity guidelines released

The competition watchdog has released its framework to enforce new “big stick” powers from next month, including taking companies to court or forcing them to divest assets, in a crackdown on energy companies gouging electricity bills.

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Record $310m to ‘rescue the grid’

Green light for Qld-NSW power link upgrade The emergency costs of rescuing Australia’s power grid soared to an all-time record after the South Australian and Victorian interconnector failed over the summer, while electricity and gas prices fell to a four-year low amid lower demand.

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Green light for Qld-NSW power link upgrade

A critical $220 million upgrade of an interconnector power cable between Queensland and NSW will come online about 18 months early, beefing up supply security for Australia's biggest economy ahead of the closure of AGL Energy's Liddell coal power generator.

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Measures taken won’t stop bills from jumping

Cassandra Goldie, chief executive of peak welfare lobby group the Australian Council of Social Service, said it was "incumbent on companies who are providing essential services to put people first [and] to provide relief and a level of comfort during this uncertain and unprecedented period".

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China locks in steel rebound

China’s industrial heartland is edging back to normality, with crude steel production up to pre-coronavirus levels according to one market forecaster, as key commodity prices and exports underpin Australia’s coronavirus economy.

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Oil demand projected to decline by record amount

Global oil demand will fall by a record-breaking amount this year, with government-implemented lockdowns aimed at halting the spread of the coronavirus having brought mobility “almost to a halt,” the International Energy Agency said on Wednesday.

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Coronavirus lockdown slams electricity prices

Power demand in Australia’s national electricity market will fall by the most on record over April and May due to the COVID-19 shutdown, cutting electricity prices and rendering high-cost coal generators uneconomic, consultancy RepuTex said.

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AGL firm about gas import plant as prices fall

Power giant AGL Energy says the energy price crash will not dampen its appetite for developing Australia’s first gas import plant, with market volatility likely to eventually subside, leaving a looming supply shortfall forecast for the nation’s east coast.

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Oil prices sink to 18-year low

Global oil benchmark Brent crude plunged to its cheapest in almost 18 years overnight and US crude briefly tumbled below $US20 per barrel on growing fears the global coronavirus shutdown could last months and demand for fuel will decline further.

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Rio smelters feeling the heat

The outlook for Rio Tinto’s Australian aluminium smelters remains uncertain, with Rio boss Jean-Sebastien Jacques identifying the smelters’ carbon footprint as an additional barrier to keeping them open.

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The Next Renewable Energy Source Could Be Rain

The quest for the next source of renewable energy is well under way, with no natural phenomenon overlooked. We have already harnessed the power of flowing water, wind, and sunlight, and the search for the next clean source of energy is far from over.

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Gas in reserve ‘key to cutting prices’

Australia’s big energy users are still paying high prices for domestic gas supplies, triggering ¬renewed calls from Centre ¬Alliance senator Rex Patrick for a reservation scheme to be rolled out on the east coast.

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Renewables save the day in interstate energy crisis

A key section of the nation’s energy infrastructure has been restored after the storm-affected interconnector between South Australia and Victoria was turned back on this week following the successful installation of temporary transmission towers.

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Record low demand for grid power strains system

Solar-rich South Australia has set a new record low for electricity demand from the grid but the renewables-dominated state still had the highest average prices in the December quarter as it struggled to meet soaring demand as summer weather took hold.

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