Origin Energy has reported a 30 per cent rise in profit amid soaring earnings from its domestic power plants and retailing business,but shares have dived on a lower earnings target than expected.
The energy regulator says renewables could dominate the electricity grid within the decade – if the grid gets the right upgrades.
Just months before it announced the deal to extend the life of Eraring,the NSW government asked the electricity grid operator to undertake more conservative modelling.
Unplanned outages at three east coast coal power stations contributed to soaring wholesale electricity prices,one of the factors that drive up bills.
Electricity costs are climbing again after a stretch of cold weather coincided with a wind power drought,forcing expensive gas plants to fill the gap.
Australia’s eastern states are facing looming gas shortages,and home owners are set to be targeted to reduce their use.
The residents of the tiny hamlet of Wallaroo in the Southern Tablelands say they support renewables,but the proposal for a giant solar farm on their doorstep is in the wrong location.
Energy Minister Chris Bowen will say Australians can choose “reliable renewables or risky reactors – but not both”.
One of Australia’s top energy officials warns nuclear energy is expensive and cannot be developed in time to replace coal plants.
Those who hold doubts about offshore wind farms may not be aware that their misgivings have been deliberately planted.
If the Coalition isn’t making up the policy as it’s going along,then it’s doing a Vegas-level impression of a political outfit that is.