The Climate Council’s latest manifesto is a recipe for higher power prices and more blackouts. It ignores real-life issues in favour of a dim ideological determination to shut down the use of fossil fuels. At a time when South Australia’s power grid has the least reliability in the nation, the Climate Council wants the Federal…
Queensland natural gas producers continue to show their willingness to make major investments to increase supply for the tight East Coast gas market.
Victorian consumers used to enjoy some of the cheapest energy in the world; manufacturers thrived on low-cost gas and electricity. Not any more.
When the heat was on in eastern Australia last week, there was very little wind. For this reason, wind-power rich South Australia was relying on brown-coal electricity from Victorian generators 1000km away – and they were paying a pretty price for it.
Historically, state governments are upbeat if they sense a potential development project that could employ people and lower prices for a widely used commodity – especially if private enterprise is willing to take the risk and pay for that development.
‘Gas prices, supply on the mend: watchdog.’ That was the heading in The Age this week, as the Australian Consumer and Competition Commission provided insight into the state of play in the East Coast gas market.
Businesses will need to cut their power use this summer or face supply interruptions, despite a reinstatement of some dormant gas-fired power generation, according to the Australian Energy Market Operator (AEMO).
As a divide emerges between the major parties in Victoria, the anti-gas rhetoric is starting to sound more and more shrill.