Using taxpayers’ money to extend the life of Eraring would have put the NSW Labor government on course for a clash with renewable energy advocates and climate campaigners.
The humiliation of Australia,the energy superpower,is now a very real prospect as we face the need to buy gas from our biggest customer.
The Coalition had avoided making the vow after Labor was burned by its 2022 promise to drop power prices by $275.
Australia may be one of the biggest sellers of gas overseas but supplies of the fuel are running dangerously low in NSW,Victoria,South Australia and Tasmania.
Major investors have stepped into the debate over Australia’s energy future,warning that policies to slow the shift to renewables will push up power prices.
The spectre of power prices jumping in July will loom over the federal election campaign widely expected to begin within weeks.
A major green energy investor will bring some of the world’s most powerful batteries,which could run for twice as long as today’s biggest systems,to Australia.
An election fight over the future of Australia’s gas industry is heating up as Labor hits out at the Coalition’s ‘cowboy’ promises to overhaul approvals.
Australia’s top gas shippers forecast a huge lift in demand over the next decade,even as debate continues about the role of gas in the clean energy shift.
Offshore wind farm developer BlueFloat has paused its offshore wind project,as Opposition Leader Peter Dutton pledges to bar the industry in most locations.