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Energy prices

Yesterday

Peter Dutton’s nuclear policy is about to be tested.

CSIRO doubles down on nuclear power as too costly, slow

The science agency’s latest report on future energy needs comes just ahead of the long-awaited costings for Peter Dutton’s nuclear energy policy.

  • Angela Macdonald-Smith

This Month

A BHP pilot boat near the mining giant’s iron ore facilities at Port Hedland in the Pilbara.

The Pilbara plots its path from diesel to clean, green mining

Port Hedland is bang in the middle of the country’s industrial engine. There are ambitious plans to decarbonise with miles of transmission and new generation.

  • Angela Macdonald-Smith
APA’s Port Hedland solar farm and battery project will help BHP cut emissions from its port operations.

APA plots path from gas to become a Pilbara solar and batteries giant

The company, which opened its latest electricity project in Port Hedland on Tuesday, expects to tick off on more investments in the region within a year.

  • Angela Macdonald-Smith
More energy customers entered hardship programs in 2023-24 as cost-of-living pressures mount.

Household hardship mounts as energy prices increase

More households are entering hardship programs to try to keep with their energy bills, even as government rebates take the edge off sharp price rises in the past year.

  • Angela Macdonald-Smith

November

Tim Nelson and three other experts have been tasked with rewriting the rules for the National Energy Market.

‘Nothing’s off the table’: Expert panel to overhaul electricity market

Energy Minister Chris Bowen has tapped former AGL Energy executive Tim Nelson and three other industry specialists to review the National Energy Market.

  • Updated
  • Angela Macdonald-Smith
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Origin Energy’s Unit 3 at its huge Eraring coal power plant on the Central Coast should be back online this weekend.

Generators scramble after NSW’s near miss on blackouts

More than 2000 megawatts of coal power capacity is due back online within 10 days, as generators scramble to avoid a repeat of Wednesday’s close shave on the NSW power grid.

  • Angela Macdonald-Smith

Electrification and renewables could slice 20pc off energy bills: AEMC

The agency that writes the rules governing the electricity and gas markets estimates big savings for families if they move away from petrol cars and gas.

  • Angela Macdonald-Smith
One of Origin Energy’s units at its Eraring coal power station in NSW is down for maintenance work.

NSW grid scrapes through power crisis, bigger test ahead

NSW was set to narrowly avoid blackouts on Wednesday only due to emergency measures, a situation that has unnerved industry and consumers.

  • Angela Macdonald-Smith
Peter Nash has bought a generator in case the lights go out over summer.

Generator sales jump as summer blackout fears persist

“I reckon I’ll be using it tonight,” said one owner. Despite the concern, the energy market operator said the immediate chance of a power failure had subsided.

  • Angela Macdonald-Smith
One unit is unexpectedly out of action at AGL’s large Bayswater generator in the Hunter Valley.

Blackout risk lingers in NSW as coal outages hit

The tight electricity supply in the state follows an unusually large number of unexpected outages at coal power units.

  • Updated
  • Angela Macdonald-Smith
Woodside CEO Meg O’Neill said the federal government needs to act to grow gas production or risk compromising Australia’s energy security.

Labor failing gas industry on lawfare, approvals: O’Neill

Meg O’Neill said the Albanese government’s lack of progress on streamlining gas approval processes and reining in “lawfare” risks imperilling energy security.

  • Angela Macdonald-Smith
Tomago is the country’s largest aluminium smelter and the single biggest user of energy.

The country’s biggest aluminium smelter says green target unreachable

Rio Tinto-backed Tomago, which uses more power than any other industrial operation in Australia, says renewable energy is too expensive and in short supply.

  • Angela Macdonald-Smith
Costs of transmission projects could rise further, advisers warn.

Energy bill fears grow as transmission costs blow out

Billions of dollars of cost blowouts in transmission announced so far this year have fuelled worries about rising electricity bills for households and business.

  • Updated
  • Angela Macdonald-Smith

Portal helps manage demand to douse power bill shock

Energy demand influencer Flow Power helps businesses capitalise on low-cost renewables, making it a leader in the Challenger Business to Business category.

  • Sylvia Ramsey

October

Australian Energy Regulator chair Clare Savage at the Sydney Energy & Climate Summit this week.

Experts doubt nuclear rollout will be ready to replace coal

The Australian Energy Regulator says the nation’s coal-fired powers stations are too decrepit to keep running until nuclear power can be operational.

  • Phillip Coorey and Tom Rabe
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Oppositon energy spokesman Ted O’Brien at the Financial Review Energy & Climate Summit.

CSIRO might revise nuclear power cost claims

The CSIRO says it is prepared to reconsider its estimate that nuclear power would cost up to twice as much as that generated by firmed renewables

  • Phillip Coorey
Matt Kean.

Batteries, solar and maximising the grid pushed to save 2030 target

The Albanese government will need further measures to boost the uptake of renewable energy, or miss its 2030 target, climate tsar Matt Kean has warned.

  • Angela Macdonald-Smith and Phillip Coorey
Origin Energy CEO Frank Calabria said green hydrogen is too risky and developing too slowly to be of interest any more.

Huge cost cuts needed in solar for hydrogen to work: ARENA

The cost of solar power needs to fall by about two-thirds for green hydrogen to work in Australia, says ARENA CEO Darren Miller.

  • Angela Macdonald-Smith
Hostility from local communities to offshore wind farms is threatening the government’s renewable energy ambitions.

Offshore wind ambitions in disarray as key players walk

Moves by Origin Energy and Norway’s Equinor have exposed big doubts about offshore wind developing anywhere in NSW, given high costs that are only modestly lower than for large nuclear plants.

  • Angela Macdonald-Smith
The Pikka oil project in Alaska will still provide returns of 20 per cent, Santos CEO Kevin Gallagher says.

Santos reveals 20pc cost blowout at Alaska oil project

News of the $800 million cost overrun at the Pikka field came as the energy company also reported the successful start-up of its flagship carbon capture venture.

  • Angela Macdonald-Smith