The renewable energy pipeline is drying up after a robust start to 2023 as “headwinds” increase, the industry warns. Data released by the Clean Energy Council for the first three months of the year shows eight projects commenced construction in the quarter. Worth a total of $1.3 billion (US$845 million) in value—almost double the final three…
Australians to Face New Wave of Electricity Bill Surges
May 25, 2023
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Hundreds of thousands of Australian households will see their electricity bills surge by up to $600 (US$390) this July 1 in the latest wave of price increases. The Australian Energy Regulator (AER) has released the new default market offer, which caps the maximum rate energy retailers can charge residential and small business customers in three…
‘Most Expensive’: Energy Minister Says Nuclear Makes No Sense for Australia
Nuclear is not on the table as an option to add to Australia’s energy mix amid a push for net-zero due to the huge initial costs, the Minister for Climate Change and Energy, Chris Bowen, has said. As Australia lacks existing nuclear infrastructure due to its nuclear ban since 1998, the costs required to set…
Snowy Hydro 2.0 Faces Another 2 Year Delay
Australia’s largest renewable energy project, Snowy Hydro 2.0, has been hit by another delay pushing out its timeline by another one to two years. Dennis Barnes, the CEO and managing director of Snowy Hydro 2.0 has provided an update on the progress of the multi-billion dollar project, whose completion date has been extended several times….
Australian Government Considers Extending Gas Price Controls Until 2025
The Australian government is considering extending the current gas price cap—that restricts wholesale prices—to 2025. On April 26, the Labor government announced the final round of consultation on a code of conduct for the sector, which aims to lower gas prices for local consumers. In December 2022, the federal government enacted a temporary price cap…
Labor Energy Plans Will Hurt Australia: Dutton
Opposition leader Peter Dutton is warning Australian families could be in for soaring power bills if the federal government continues with its proposal to limit gas supply in the Australian energy market. “One of the most important debates in our country, as I say, is energy policy,” Dutton said in Melbourne on April 4. “We’ve supported…
Greens Deal Paves Way to Legislate Climate Safeguard Mechanism
March 27, 2023
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The Australian Labor government is getting very close to legislating its climate safeguard mechanism after reaching an agreement with the Greens party. On March 27, the Greens announced that it would support the safeguard mechanism after securing “significant changes” to the legislation, which Labor wanted to push through the parliament this week. The mechanism is…
Australians Could Struggle to Stay Warm This Upcoming Winter as Gas Shortage Looms
March 15, 2023
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Australians could struggle to stay warm this winter after the energy market regulator warned of a potential gas shortage. Daniel Westerman, CEO of the Australian Energy Market Operator (AEMO), said that as the country transitioned to net-zero, the southern—and colder—states of New South Wales, Victoria, Tasmania, the Australian Capital Territory and South Australia could be affected….
Australians to Face Steep Electricity Price Increases Despite Coal and Gas Price Caps
Australian households struggling with high living costs will be hit harder when the winter comes as electricity prices are expected to rise sharply in the next few months. However, regulators said the price rises would be much lower than what was forecasted before the federal government intervened in the energy market by capping coal and…
Labor Refuses Greens’ Proposal to Ban Coal and Gas Projects in Climate Safeguard Mechanism
Climate Change and Energy Minister Chris Bowen has brushed off the Greens’ proposal to ban coal and gas developments as the centre-left government seeks to pass the climate safeguard mechanism in the upper house. Labor’s safeguard mechanism, which would deal the resource sector a heavy blow, would mandate Australia’s 215 businesses that emit the highest…
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