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Energy News Brief

The Australian Financial Review reports Australian energy retailers are rushing to prepare for the introduction of five minute settlements for the wholesale electricity market which come into effect on October 1. AEC chief executive Sarah McNamara said its members had invested millions of dollars and substantial resources to implement the significant IT and system changes required for the introduction of five-minute settlements.

Jul 30 2021
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Energy News Brief

The Australian Financial Review reports the ESB’s proposed reforms for the nation's power grid will “chill” investment in new renewable energy generation, derail state renewables targets and drive up costs for consumers by subsidising ageing coal power generators, according to renewable power generators ... While the ESB said it was preparing for ageing coal-fired generation retirement by giving incentives for the right mix of resources to enter the system, reports the Australian.

Jul 29 2021
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Energy News Brief

The Australian Financial Review reports Nexport Mobility is planning to team up with charging group Tritium to make electric vehicles in Brisbane. The AFR also reports that Japan's new plan to champion clean energy is "shaking up" the LNG market.

Jul 28 2021
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Energy News Brief

Private firm Maoneng has lined up $365m of investments in large-scale batteries in Victoria and South Australia over the next two years after shifting its focus from solar farms amid increasing swings in power prices through the day and grid bottlenecks, according to an Australian Financial Review report.

Jul 27 2021
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Energy News Brief

Reforms to Australia's electricity market rules will be critical to cope with the influx of renewables into the power system and to spur investment in dispatchable generation such as gas plants, according to AEMO’s new CEO, Daniel Westerman, the Australian Financial Review has reported today.

Jul 26 2021
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Energy News Brief

The Australian Financial Review reports electricity prices more than doubled in the June quarter as the explosion at the Callide coal generator in Queensland stretched the supply system. The West Australian reports wind and solar supplied nearly one-third of all electricity used across Perth and the South West during the past 12 months, catapulting WA ahead of the eastern seaboard for reliance on renewable power.

Jul 23 2021
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Energy News Brief

The Australian Financial Review reports new bans on onshore gas development in NSW will lock in high gas prices and make the state more reliant on imported LNG according to gas producers. The Australian also covers the story, while News Corp says farmers and the gas industry have objected to plans by the Berejiklian government.

Jul 22 2021
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Energy News Brief

The NT News reports global energy producer Energy Developments has applied to the NT Utilities Commission for a licence to generate electricity for sale to licensed retailers in Jabiru ... While the Adelaide Advertiser writes subsides for home batteries will soon be cut from a maximum $3000 to $2000.

Jul 21 2021
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Energy News Brief

The Australian reports a power failure in Mt Isa has sparked calls to fast-track plans for CopperString 2.0 ... While in the Australian Financial Review, Spark Infrastructure continues its search for potential bidders following a potential $5 billion cash takeover bid.

Jul 20 2021
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Energy News Brief

The biggest domestic gas production plant on the east coast, Longford, suffered another disruption to production over the weekend, triggering a fresh spike in prices and increasing nervousness about supply security in the southern states for the rest of the winter, the Australian Financial Review has reported.

Jul 19 2021
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Energy News Brief

The Australian writes Spark Infrastructure has left the door ajar for a higher takeover offer from KKR and a Canadian super fund after rebuffing a $5bn cash offer, while indicating it was open to further negotiation.

Jul 16 2021
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Energy News Brief

Today’s Australian Financial Review reports electricity market reforms, rule changes and an effort to harness skills across the industry will be needed for the power grid to handle 100% renewable energy at peak times by 2025 ... While the Australian reports the AEMC has announced steps to boost the role of batteries in the country's power grid, reflecting an expected stronger take-up of batteries in homes and its decision to financially reward ultra-fast storage providers for reacting at short notice.

Jul 15 2021
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Energy News Brief

The Australian Financial Review reports Daniel Westerman, AEMO CEO will announce plans today for the NEM to be able to handle 100 per cent renewable energy on the grid by 2025 to avoid having to shut off some zero-cost wind and solar generation.

Jul 14 2021
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Energy News Brief

The Australian reports big gas producers have written to Resources Minister Keith Pitt warning the Federal Government Australia could turn into Venezuela if it puts a cap on gas exports as an acrimonious battle over high spot prices rumbles through the industry.

Jul 13 2021
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Energy News Brief

Resources Minister Keith Pitt has been formally asked to consider capping gas exports by the AWU and the Ai Group, with claims the nation's manufacturing comeback was “in danger of being jeopardised by high gas prices”, according to The Australian.

Jul 12 2021
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Energy News Brief

The Australia Financial Review reports the delayed return of the Callide coalfired power station to full operation will put pressure on other generation assets ... The Australian writes Scott Morrison has been urged by the Australian Workers' Union to “pull the trigger'' on capping gas exports, as a spike in prices threatens plans to expand the nation's manufacturing capacity.

Jul 09 2021
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Energy News Brief

According to the Australian, AGL has signalled to “slim down” the portfolio of its Accel generation arm, announcing it will mothball one of the four gas power units at its Torrens B power station ... The Australian Financial Review says the return of the Callide coal-fired power station unit has been delayed and will not be operational until December next year.

Jul 08 2021
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Energy News Brief

The Canberra Times writes the ACT will become the first jurisdiction to face significant challenges in transitioning from gas to electricity due to its colder climate ... Angela MacDonald-Smith writes in the AFR, manufacturers are "sounding the alarm" as east coast gas prices surge due to cold winter weather and gas having to be diverted to generate electricity after the breakdown of coal-fired generators.

Jul 07 2021
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Energy News Brief

Nine newspapers report Victoria will get Australia’s first grid-scale battery built without government support by the end of 2022 with Lumea, the commercial arm of TransGrid taking expressions of interest for a 300MW battery to be built at its Deer Park substation.

Jul 06 2021
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Energy News Brief

The Age writes cracks in the Yallourn coal mine caused by recent flooding have left a multimillion dollar damage bill as EnergyAustralia considers what long-term repair might be needed. It also writes EnergyAustralia insists it has no plans to change the closure date for the Yallourn Power Station.

Jul 05 2021
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