Regulator’s move to cap energy prices should provide relief for homes and businesses within weeks.
The deal struck with Origin Energy is far more palatable than most expected. But it is not without risk.
Australia’s largest coal-fired power station will continue operating for another three years.
The energy department warned a plan to switch Victorian homes and businesses to electricity instead of gas will not happen fast enough to make up for predicted gas shortages.
With a nuclear plant tipped for a former Nationals leader’s electorate,he’s withdrawn his support. And Chris Minns’ plan to keep a coal-fired plant open is creating angst on the Labor side.
Despite a day of confusion among senior MPs about the timing of opposition energy policy,the nuclear plan is imminent.
The nation’s top science agency has found the cost of large scale nuclear plants backed by the federal Coalition cannot compete on price with renewables.
Most Australians say they will use it to increase savings or pay down loans,countering fears of a spending splurge that would fuel inflation.
Woodside chief executive Meg O’Neill says the Albanese government’s decision to delay a plan to speed up offshore gas approvals will make it harder to develop new supplies.
One of the most significant upgrades to Australia’s outdated power grid is facing fresh delays,intensifying concerns about the pace of the clean energy shift.
Danish renewable energy giant Orsted says Australia’s first offshore wind farm deals must contain protections against inflationary shocks as the sector reels from soaring costs.