Eutility's news

relating to the energy and telecommunications industries

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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Calm down and power on

The advice from Energy Security Board chair Kerry Schott on day two of The Australian Financial Review’s Energy and Climate Summit was for everyone to calm down and get on with it. As Dr Schott and others told our Summit, the transformation of Australia’s electricity system is accelerating and unstoppable. The challenge is to update the National Electricity Market’s complex rules to retain the benefits of a functioning national energy market – with clear and consistent investment signals – amid political pressure to return to more heavy-handed state-based regimes.

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Vic to host AGL’s next big battery

AGL Energy has flagged its second large battery project within 10 days, advising of plans to install a system of up to 200 megawatts at the site of its Loy Yang coal power station in Victoria to support the growth of weather-dependent renewables.

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Jemena eyes partners for $5b-plus northern gas push

Pipeline owner Jemena has unveiled plans for a potential $5 billion-plus expansion and extension of its grid in Australia's north to bring gas from the remote Northern Territory to the east coast and is on the lookout for partners to join the ambitious project.

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Hydrogen set to flow

Hydrogen produced using renewable energy will start to flow into 700 Adelaide homes within weeks, as South Australia’s ambitious plan to become a “green hydrogen” hub takes another step forward.

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Refiners to compete for diesel storage grants

A $200 million competitive grants program for diesel storage will be launched in the March quarter next year as the government works to boost security of supply in fuels and support struggling local refiners, federal Energy Minister Angus Taylor has confirmed.

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Flagship NSW-SA power cable hits debt hurdle

One of the country's flagship electricity interconnector projects intended to help keep the lights on amid soaring wind and solar generation has run into trouble, as backer TransGrid advises it cannot be financed under existing market rules.

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Government flags sensible backflip on gas

A new Morrison government discussion paper on gas reservation has flagged a sensible backflip on further meddling in the east coast gas industry. Domestic manufacturers have blamed Queensland’s massive LNG export expansion for diverting gas offshore and driving up the price for local buyers.

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Old king coal has surrendered to solar, says global power report

Solar power has been declared "the new king of electricity" by the International Energy Agency in its annual energy outlook report, which finds it is already cheaper than power generated by new coal and gas developments in most countries and is providing, "some of the lowest-cost electricity ever seen".

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$28m battery factory proposed for Tomago

Energy Renaissance will build a $28 million battery manufacturing facility on the NSW central coast, paving the way for the company to become Australia’s first lithium-ion battery manufacturer.

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Audrey Zibelman quits AEMO for Alphabet’s X

The Australian Energy Market Operator has lost its chief executive, with Audrey Zibelman quitting the organisation for a leadership role at X, the “moonshot” factory at Google’s parent company Alphabet.

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