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.
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.
Electricity is the heartbeat of a modern economy. Our electricity heartbeat increases when the country is hard at work, and slows when we are at rest.
The Australian Energy Regulator has issued a set of expectations for energy companies, which aims to ensure that households and small business customers are protected during the COVID-19 pandemic.
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.
The government's plan to use technology to reduce greenhouse gas emissions will look beyond wind and solar energy to the "next challenges", including hydrogen, carbon capture and storage, and methane produced by livestock.
Sometimes the misery of opposition traps politicians in a rictus of perturbation and panic.
The Australian Energy Market Operator will this weekend launch the nation’s first detailed database on distributed energy resources, as it prepares for a not-too-distant future grid that will source up to half of all its power needs from consumer-owned sources like rooftop solar.
Australia has been re-syncronised with the rest of the National Electricity Market and power flow has been restored via the Heywood terminal.
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.
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.
Energy users have voiced alarm at the Victorian government's move to push ahead unilaterally to boost transmission and storage to shore up its power grid, saying consumers will pay through higher prices and increased risks.
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.
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.
Greenies who back costly renewables over workable nuclear energy are doing more than anyone to keep coal in business.
Record customer participation in electricity demand response initiatives has cut the risk of network outages in Victoria and delivered more than half a million dollars to those taking part, new data shows.
Australia’s ageing fleet of coal and gas-fired power plants are becoming increasingly unreliable and inefficient, suffering break downs at least twice a week on average, a new report has found.
Congestion woes in Australia’s power grid threaten to hike household electricity bills and derail the nation’s ability to achieve deeper cuts to carbon emissions following a collapse in renewable energy spending, Queensland government-owned investment giant QIC has warned.
Moderate Liberal MPs have flagged lifting the Coalition’s 2030 emissions reduction target to more than 30 per cent, as Scott Morrison lashed NSW minister Matt Kean over criticisms of his government’s climate policies.