Victoria’s irrational ban on natural gas development was the focus of some sobering comment from leaders in manufacturing this week – including one of Victoria’s biggest business dynasties.
This week’s renewable energy announcement by the Victorian Government sets the scene for higher electricity prices and more pain for businesses and consumers.
Multiple choice time: when the State adjoining yours has well-documented energy stability issues, due in large part to the high penetration and rapid uptake of renewable energy, what should you do?
Many Australians are paying more than they need to for their electricity, it has been revealed this week. To try to help consumers get the best deal, the Federal Government is moving to encourage electricity retailers to be more open with their pricing and billing practices.
Australia’s longest operating oil and gas explorer, Lakes Oil, is suing the Victorian Government because of the economic value which has been destroyed by the Government’s irrational ban on onshore development.
National small business administrator and advocate Kate Carnell has called on State and Territory governments to end their blockers to development of natural gas, predicting “dire consequences” if energy policies are not changed quickly.
Federal Energy and Environment Minister Josh Frydenberg will apply the Finkel blowtorch at today’s meeting of State and Territory energy Ministers – and a particular emphasis will be on his home State, Victoria.
A long-standing Victorian methanol plant is the latest to shut up shop and move to the United States of America, where gas is cheaper and supply more certain.