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.
Australia’s top energy retailer says hopes of doubling the share of renewables to 82 per cent of the grid by 2030 still looks difficult,even after a recent surge of new funding.
Australia’s bid for hydrogen ‘superpower’ status has been dealt a new blow as the nation’s top energy utility – Origin Energy – pulls its plans for a large hydrogen hub.
Australia’s energy transition has a timing problem:we have enough renewables to undermine coal,but not enough yet to replace it. That means plants like Origin Energy’s Eraring are being forced to stay in the mix.
Tantalising new technology means electric cars could reshape the power grid – and make drivers money.
There has been a jump in the number of Victorians seeking help over surging energy prices.
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 Eraring power station’s coal output has hit a five-year-high,highlighting the difficulties of weaning the grid off the polluting fossil fuel.
An explosion in the number of data centres in Melbourne and Sydney,which will use vast amounts of electricity,is looming as a new test for the grid.
Origin chief says switch from coal power to renewable energy should be done in the most cost-efficient way for customers.