Eutility's news

All news articles relating to the energy and telecommunications industries

Snowy Hydro costs, timeline blow out

The budget for the Morrison government's pet energy project – Snowy Hydro's 2000-megawatt Snowy 2.0 expansion – has increased to more than $5 billion, more than double the $2 billion price touted when former prime minister Malcolm Turnbull announced the ambitious mega project two years ago.

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Heatwave a $34m energy drain for users

Energy users in Victoria and South Australia paid $34 million to buy back power from major manufacturers to keep the lights on during January’s record-breaking heatwave in the two states.

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Labor reignites the carbon wars

The centrepiece of Labor's plan to reduce carbon emissions – a baseline and credit scheme for the nation's top 250 emitters – appears doomed with the Coalition opposed to the entire policy and the Greens hostile towards several elements, including letting companies offset emissions by buying international carbon permits.

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Shell aims for ‘substantial’ electricity business in Australia

Oil major Shell has set out ambitions to build a major electricity generating and retailing business in Australia within the next decade as part of its global shift towards lower-carbon energy, in comments that look set to revive speculation that a significant acquisition may be on the cards.

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Consumer watchdog tips relief on gas prices

Gas prices on Australia’s east coast are set to fall this winter, potentially providing some relief to long-suffering manufacturers and heavy industry, according to data from the competition watchdog.

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Path clear to a zero carbon economy

Ten years ago Lord Adair Turner made what he considers the most embarrassing prediction in a 40 year career which included decent lengths of time in consulting, banking, prudential regulation and academia.

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Looming LNG oversupply offers slim hope for local gas buyers

After defying gloomy predictions of a supply glut and price slump in both 2017 and 2018, this year may finally see LNG markets tank, and while that's a concern for exporters, it offers some – if not much – hope of easing prices for manufacturers in the eastern states.

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Renewables momentum continues, despite political chaos

The industry experienced another record-breaking year in 2018, with $20 billion invested in large-scale renewable projects and close to 1.5 GW of rooftop solar installed, taking Australia past the magic milestone of 2 million homes with rooftop solar. While the renewable energy industry still has its detractors, most notably on the right wing of the Federal Coaltion, nothing silenced the critics quite like the installation of hundreds of thousands of solar panels on Australian rooftops – or the billions of dollars of investment and tens of thousands of jobs brought to rural Australia by dozens of new wind and solar farms.

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Leading CEOs on the realities of energy policy paralysis

After another year of chaos and anarchy in the energy sector it was inevitable that a question about energy in Chanticleer's annual CEO Survey would provide plenty of insights into the risks and opportunities from continuing policy paralysis.

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NSW, South Australia move to fast-track power connection

Moves by NSW and South Australia to build a direct $1.3 billion link to export their excess electricity to one another is a step closer after the state energy ministers signed a formal agreement yesterday to establish a framework for the project.

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Paris target achieved eight years early

Emissions reductions in Aust­ralia’s electricity market are on track to meet the Paris target eight years ahead of schedule, in 2022, and the government has seized on new data to attack Labor’s plan for stronger ­intervention to curb carbo­n pollution.

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Fears RCR collapse could ‘drive up power bills’

A delay in the rollout of solar farms following the collapse of contractor RCR Tomlinson may prompt a rise in power bills as a “drought” of large-scale renewable certificates extends into next year, piling pressure on ­prices.

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