Eutility's news

relating to the energy and telecommunications industries

Pace of power grid transition in dispute

The owner of the Vales Point coal power generator in NSW has joined AGL Energy in voicing doubt whether the rapid exit of coal power envisaged by the Australian Energy Market Operator is feasible without putting at risk security of supply.

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AGL, EA restructures put Origin Energy in crosshairs

Chalk it up as the year for diversified utilities deals. Ten years after the last big round of old world electricity deals – Origin buying Eraring Energy, AGL acquiring MacGen – the sector’s alive with fresh hopes of corporate activity.

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Traders wanted in a once-sleepy gas market with new kingpins

Around the world, analysts and traders are grappling with the biggest shakeup in the 60-year history of liquefied natural gas: The emergence of two new superpowers, the US and China, who are bringing more uncertainty and price fluctuations to a once-staid commodity market.

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Carbon in power grid hits record low

A record low for the carbon intensity of power generation in the national grid has underscored the rapid decarbonisation of the electricity system as booming rooftop solar and increasing numbers of large-scale wind and solar farms force the retreat of coal power.

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Australian carbon price surges 180 per cent

Companies voluntarily buying up carbon offsets amid a flurry of pledges to hit net zero emissions by 2050 have pushed up Australia’s official carbon price by 180 per cent over the past year.

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Chinese hackers target Australian energy company

Chinese hackers came within minutes of shutting down a series of power stations capable of lighting three million homes in a sneak cyber attack of a sort experts warn are becoming increasingly common – and which could be used to limit Australia’s ability to respond to a military crisis in the future.

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Gas buyers fear fresh price surge amid Europe crunch

Prices for natural gas on the east coast have almost doubled over the past month, causing fresh worries for manufacturers all too aware of the crisis that surging prices has caused in Britain and Europe, where businesses have gone broke and plants closed down.

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Shell acquisition heats up mass market retailing

Shell has further jacked up the competitive threat to traditional electricity suppliers such as AGL Energy, snapping up the 185,000 customers of online green retailer Powershop in what is the energy giant’s entry into the mass market for power on the east coast.

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Newcastle port eyes green hydrogen future

Macquarie Group, Snowy Hydro and Chinese-controlled pipeline owner Jemena are all involved in a group that will examine a potential green hydrogen hub in Newcastle that could have a capacity of 1 gigawatt by 2030.

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Origin Energy sells APLNG stake for $2.1bn

Origin Energy may plough part of a $2bn windfall into clean energy and storage projects after it sold a stake in APLNG to private equity owner EIG, three years after the US player’s takeover bid for Santos was foiled.

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Sun Cable eyes 4GW Singapore power purchase

Sun Cable, one of the world’s biggest renewable energy projects, has called for expressions of interest from potential customers in Singapore, after the Asian nation said it would import up to 4 gigawatts of electricity by 2035.

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NSW gives green light to a green hydrogen future

The NSW government will incentivise the production of green hydrogen as a fossil fuel replacement in a nation-leading policy that is forecast to help significantly decarbonise the economy and position the state as a global exporter of the energy source.

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TransGrid predicts early coal closures

Australia’s fleet of coal-fired power stations face early closure due to rampant growth in renewables in a fast-paced move that piles pressure on achieving an orderly transition to clean energy, a blueprint by transmission giant TransGrid shows.

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